10/16/2026
The Pump Is Driving Inflation. What Else Is Under the Hood?
Gasoline drove over half of September’s monthly inflation increase. Core prices still rose 0.3%. A sourced look at the household squeeze—and the policy trade-offs behind it.
September's CPI report puts gasoline at the center of the cost-of-living squeeze. Shelter, services and borrowing costs make the rest of the story harder to wave away.