WASHINGTON, Oct 14 (Reuters) – US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar. The Consumer Price Index report from the Labor Department on Wednesday showed a broadening of price pressures beyond energy, raising concerns among economists that underlying inflation could be getting sticky. There was also an AI-related boost to inflation last month. Financial markets now see the Federal Reserve’s interest rate decision at its October 27-28 meeting as a closer call than before the data was released.
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