September inflation rose to 3.7%, up from 3.4% in August, as wholesale prices also increased, posing challenges for Republicans ahead of midterm elections.
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01Summary
- 01Annual inflation, measured by CPI, rose from 3.4% in August to 3.7% in September, according to the Bureau of Labor Statistics.
- 02The inflation data was reported on Wednesday, with wholesale price increases reported the following day.
- 03Early voting for the midterm elections is already underway.
- 04The economic data is described as a further blow to Republicans.
02Why it matters
This matters because rising inflation could influence voter sentiment in the midterm elections, potentially affecting Republican prospects.
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