🔸The annual inflation rate in the United States in September reached 3.7 percent, higher than analysts’ predictions; an increase assessed as mainly driven by a jump in fuel prices.

🔸According to a report by the U.S. Department of Labor released on Wednesday, October 22 (Mehr 22), the consumer price index in September rose by 0.6 percent compared with the previous month, while the figure in August was 0.4 percent.

🔸According to Reuters, a 9.1 percent increase in the price of gasoline in September alone accounted for more than half of the month-to-month rise in inflation.

🔸Since the start of the United States and Israel’s attacks on Iran in the past Esfand (late last year) and disruptions to the passage of oil tankers through the Strait of Hormuz, energy prices in global markets have risen sharply.

🔸The U.S. Department of Labor report also shows that inflationary pressure is spreading to parts beyond energy.

🔸The latest inflation data has further strengthened the likelihood of another rate increase by the U.S. central bank, the Federal Reserve.

🔸In September, the Federal Reserve raised the benchmark interest rate by a quarter of a percentage point for the first time in three years, bringing it to a range of 3.75 to 4 percent.