Inflation

US Annual Inflation Ticks Up to 3 Percent for First Time Since January

October inflation data, meanwhile, might not accurately reflect consumer prices.
US Annual Inflation Ticks Up to 3 Percent for First Time Since January
American Eagle Outfitters store at the Mall of America in Bloomington, Minn., on Aug. 29, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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The U.S. annual inflation rate rose to the highest level since January, driven by higher gasoline prices and shelter costs.

According to new Bureau of Labor Statistics data, released on Oct. 24, the 12-month inflation rate climbed to 3 percent in September, from 2.9 percent in August.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."