Energy prices rose 20.4% in September, the largest increase since May, the BLS said. Albertsons, McCormick and Conagra say fuel and freight costs are rising, which could push grocery prices up.
Diesel topped $8 a gallon in California as the IEA warned on October 14, 2026 that global diesel supply will stay tight into the second half of 2027 due to Iran war disruptions in the Gulf.
US consumer prices rose 0.6% in September and 3.7% over the year, the Bureau of Labor Statistics reports. Here is what drove the increase and what it could mean for a household budget.
US existing home sales fell 2.2% from a year ago as the median price hit $417,500 and mortgage rates reached 7.4%, driven partly by oil-price-linked bond yields, NAR and AP report.
Federal Reserve and JPMorganChase data show households aged 75 and older gained 37% in net worth since 2022, while those under 35 lost 23%. Here is what that gap means for US spending.
Brent crude fell 1.7% to $102.94 a barrel after President Trump announced an unconfirmed Russia-Ukraine energy truce, while OPEC cut its 2026 demand forecast for a fifth straight time and Strait of Hormuz tensions escalated.
Bright MLS’s September 2026 report shows closed home sales down 5.2% and pending contracts down 13.5% as mortgage rates climb near 7.5%, while inventory rises 18.5% and price growth slows to 1.2%.
Freddie Mac data shows the average 30-year fixed mortgage rate climbed to 7.40% on October 8, 2026, up 1.1 points from a year ago, as existing home sales and refinancing both slow.
India’s manufacturing startup funding has rocketed from $164 million in 2020 to $1.92 billion in 2026 as supply-chain shifts and tariffs reshape global sourcing.
Danish consumer prices rose 2.2% year-on-year in September, up from 2.0% in August, as energy costs pushed inflation to its highest level in a year.
