US inflation stays elevated but prices rose less than feared last month

By CHRISTOPHER RUGABER, Associated Press Economics Writer

WASHINGTON (AP) — U.S. inflation remained elevated last month as the costs of some imported goods rose while rental prices cooled.

Related Articles


Alaska Airlines resumes operations after an IT outage grounded its flights for hours


Former chamber exec, Mounds View school board member Jonathan Weinhagen indicted


Intel posts profit even as it struggles to regain market share


Target to eliminate about 1,800 corporate jobs, or about 8%


People pardoned by Trump want banks to forgive their past, too

Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, a decline from 3.1% in the previous month. Both figures are above the Federal Reserve’s 2% target.

The report on the consumer price index is being issued more than a week late because of the government shutdown, now in its fourth week. The Trump administration recalled some Labor Department employees to produce the figures because they are used to set the annual cost-of-living adjustment for roughly 70 million Social Security recipients.

The figures reflect a smaller increase than many economists had forecast, and will likely encourage the Federal Reserve to cut its key interest rate when it meets next week for the second time this year.

Leave a Reply

Your email address will not be published.

Previous post Michael Boxall, Wil Trapp to return to Minnesota United in 2026
Next post US inflation stays elevated but prices rose less than feared last month