U.S. inflation stays high but prices rose less than economists forecast
Posted on: Oct 24, 2025 18:51 IST | Posted by: Cbc
U.S. Rising prices remained elevated endure month as the costs of some imported goods rosebush piece renting prices cooled.
Consumer prices increased three per cent in September from a year earlier, the Labour Department said Friday, up from 2.9 per cent in August. Excluding the volatile food and energy categories, core prices also rose three per cent, a decline from 3.1 per cent in the previous month.
Both figures are above the Federal Reserve's two per cent 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 Labour 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.
More to come
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