Annual inflation ticked up to 3% in September, from 2.9% in August, even as monthly price growth eased to 0.2% from 0.3%, the Bureau of Labor Statistics reported amid a government shutdown that has halted most federal data. Housing, airline fares, recreation, household furnishings and apparel rose. Consumers face rising prices, a stalled job market and weakening sentiment, with inflation topping concerns in recent surveys. The report, slightly softer than forecasts, lands days before the Fed’s Oct. 28–29 meeting, as economists warn tariffs may sustain goods inflation and some expect fewer rate cuts next year.
Prepared by Christopher Adams and reviewed by editorial team.
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