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Trump insists inflation is low as CPI report shows a 3.7% increase

President Trump hunted for silver linings in the higher-than-expected September inflation numbers. The surge in prices was fueled by a 9% month-over-month jump in gas prices. Nancy Cordes reports.

Sources (1)· Oct 14, 11:49 PM

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CBS News· Oct 14, 11:49 PMTrump insists inflation is low as CPI report shows a 3.7% increase

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The CPI report arrives tomorrow. It could determine whether the Fed hikes rates next week.Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.

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