Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.

The latest CPI numbers marks the first government data released since the shutdown started at the beginning of the month.

The BLS on Friday released its much-anticipated inflation report, delayed a week and a half because of the government shutdown.

Markets may be celebrating cooler-than-expected inflation, but for many Americans still facing higher grocery, energy, and housing costs, the relief hasn’t arrived.

The September CPI report showed that inflation remains tame – and all but confirms another rate cut from the Fed.

Major stock indexes hit record highs Friday after the release of slightly cooler-than-expected September inflation data that reinforced expectations the Federal Reserve will cut interest rates next week.

The pace of inflation likely picked up last month, but not enough to prevent the Federal Reserve from cutting interest rates next week. The Bureau of Labor Statistics is scheduled to publish the consumer price index for September on Friday at 8:30 a.

The Consumer Price Index report for September indicated a 3.0% year-over-year increase, which fell below the expectation of economists and was slightly below the pace seen in August. The closely watched food category was up 3.