United States Inflation Rate

The annual inflation rate in the US rose to 3% in September 2025, the highest since January, from 2.9% in August and below forecasts of 3.1%. Energy prices rose 2.8% on the year, the most since May 2024, after a 0.2% gain in August, led by fuel oil (4.1% vs -0.5%) and gasoline (-0.5% vs -6.6%) while the rise in natural gas was smaller (11.7% vs 13.8%). Prices also increased slightly faster for new vehicles (0.8% vs 0.7%). On the other hand, a slowdown was seen for food (3.1% vs 3.2%), used cars and trucks (5.1% vs 6%), transportation services (2.5% vs 3.5%). Inflation for shelter steadied at 3.6%. Meanwhile, annual core inflation actually slowed to 3% from 3.1%, with markets expecting it to stay at 3.1%. Compared to the previous month, the CPI increased 0.3%, below 0.4% in August and forecasts of 0.4%. The index for gasoline rose 4.1% and was the largest factor in the all items monthly increase. The core index edged up 0.2%, below 0.3% in August and forecasts of 0.3%.