U.S. Inflation Accelerated to 3.7% in September, BLS Says

U.S. consumer prices rose 3.7% in the year to September, up from 3.4% previously, the Bureau of Labor Statistics reported Oct. 14. Inflation is the pace of rising living costs. Faster inflation squeezes savers and borrowers alike. I'm watching whether this persistence forces policymakers to keep rates higher for longer.