US price growth holds steady as Fed mulls next move in inflation battle

Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figures

Price growth held steady in the United States last month as the Federal Reserve mulls the next stage of its battle against inflation.

The consumer price index rose at an annual pace of 3.7% in September, according to the Bureau of Labor Statistics. This was in line with August’s 3.7% reading.