Summary
Inflation in the U.S. stayed high last month, with notable jumps in gas prices while rent and some service costs slowed down. Consumer prices rose 3% in September from the previous year, marking the highest increase since January. The Trump administration recalled Labor Department workers to release the delayed inflation report, which also showed core inflation at 3%.
Key Facts
- U.S. consumer prices increased by 3% in September compared to the previous year.
- Gas prices went up by 4.1% in September from the previous month.
- Core inflation, which excludes food and energy, also rose 3%, a slight decrease from 3.1% the month before.
- The Labor Department's inflation report was delayed due to a government shutdown.
- The Federal Reserve is considering cutting interest rates because of the inflation data.
- Grocery prices grew 0.3% in September and are 2.7% higher than a year earlier.
- President Trump is exploring importing beef from Argentina to reduce rising U.S. beef prices.
- Approximately half of Americans find grocery costs a major source of stress.
