The Consumer Price Index increased in September by 0.3% after rising by 0.4% in August, according to the U.S. Bureau of Labor Statistics. Over 12 months ending September 30, the all-items index increased 3%, compared to 2.9% at the end of August. Click here for the press release.  

What does this mean for your township? Townships should take advantage of earning the most they can in interest on checking and savings while interest rates remain high. The Federal Reserve decreased rates by .25% in September and additional cuts could happen soon. Ask your bank for competitive rates on township funds or take advantage of Pennsylvania Local Government Investment Trust (PLGIT) interest rates, which remain over 4% for some accounts. PLGIT is a PSATS Premier Partner.     

In addition, higher natural gas prices will positively influence natural gas impact fee rates for 2026 payments.