U.S. inflation remained elevated last month as the costs of some imported goods rose while rental prices cooled.
Consumer prices increased 3% in September from a year earlier, the Labour Department said Friday (October 24, 2025), 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 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
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