Inflation sizzled — and Social Security benefits get boost : NPR
Rising gasoline and diesel prices pushed inflation higher in September. The cost of living index was up 3.7%, according to a report Wednesday from the Labor Department. Isabelle Souriment/Hans Lucas/AFP via Getty Images hide caption toggle caption i Isabelle Souriment/Hans Lucas/AFP via Getty Images Nights are getting colder, but inflation is heating up. A report from the Labor Department on Wednesday showed consumer prices in September were up 3.7% from a year ago. That’s a larger annual increase than the previous month. A spike in energy prices tied to the U.S. war with Iran drove the cost of living higher. Prices jumped 0.6% between August and September. “It’s not looking good,” said economist Brian Bethune of Boston College. “The main problem, of course, that everybody knows is gasoline prices. But also heating oil.” Heating oil is a close cousin of diesel fuel. The cost of the fuel oil has jumped 74% in the last year, which is hard on families in New England who rely on heating oil to stay warm. Stripping out volatile energy …









