US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections.
The consumer price index rose 0.6% from a month earlier, driven by a surge in fuel costs, according to Bureau of Labor Statistics data out Wednesday. A key measure of underlying price pressures, which excludes food and energy, was up 0.3%.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg News White House Reporter and Washington Correspondent Jeff Mason.
University of Arizona Professor Samara Klar.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
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