ABC News on The U.S. annual inflation rate and the Federal Reserve's target

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ABC News

National news outlet

Compared on: inflation (12-month CPI change): U.S.

THE CLAIM · NOV 6, 2026

“The annual inflation rate stands at 3.7% as of September, the most recent month on record, putting inflation more than a percentage point above the Fed's target rate of 2%”

ABC News · Read the post

THE RECORD

“The all items index rose 3.7 percent for the 12 months ending September, a larger increase than the 3.4-percent increase reported for the 12 months ending in August.”

Consumer Price Index Summary - 2026 M09 Results · Read

THE RECORD · OCT 14, 2026

“The latest Consumer Price Index showed that prices rose 0.6% in September from the month before, bringing the annual rate of inflation to 3.7%, up from 3.4% in August and above economists’ expectations for a 3.6% increase.”

CNN · Inflation rose to 3.7% last month in last snapshot of consumer prices before... · Read

THE RECORD

BLS U.S. inflation rate, Sep 2026: 3.7%.

Bureau of Labor Statistics (CPI) · Inflation (CPI, 12-month change): United States (2026-09) · Read

RECORD AGREES

U.S. rate
3.7% · BLS, Sep 2026
Last few years
Biden 1.4%–9.1% · Trump 2.3%–4.2%: Biden (Jan 2021–Jan 2025): 1.4% at the start, high 9.1% (Jun 2022); Trump (since Jan 2025): 3.0% at the start, low 2.3% (Apr 2025), high 4.2% (May 2026). · BLS monthly

BLS's national inflation rate was 3.7% in Sep 2026. Last few years, BLS monthly U.S. inflation rate: Biden (Jan 2021–Jan 2025): 1.4% at the start, high 9.1% (Jun 2022); Trump (since Jan 2025): 3.0% at the start, low 2.3% (Apr 2025), high 4.2% (May 2026).

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