Inflation Rises as Gas Prices Surge | Calgary News

Inflation surged last month as gas prices spiked, pushing the consumer price index up 0.4%—its biggest monthly jump since April—and leaving core prices, which exclude food and energy, up 0.3%. While year-over-year core inflation is still easing, these numbers are putting pressure on the Fed to raise rates again ahead of elections. Middle East tensions are fueling oil costs, driving up airfares and shipping, with experts warning this disruption could linger. The Fed’s decision hinges on tiny data shifts, highlighting just how fragile the economy feels right now. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/33483eafcfb4c814