Economists expect prices to have risen 3.1% in September, which would mark a slight increase from a 2.9% year-over-year increase recorded a month prior. The anticipated reading would amount to the highest inflation since May 2024.

Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.

The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year.

Consumer prices rose in September at an annual rate of 3%, but increased a little less than economists had predicted, the Labor Department reported Friday.

Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.

Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.

Consumer inflation picked up less than expected in September, which should help Federal Reserve officials justify interest-rate cuts to help the weakening job market. The consumer price index climbed 3% year over year in September,

U.S. inflation remained elevated last month as the costs of some imported goods rose while rental prices cooled.

I bond interest rates adjust every six months, and the inflation reading released Friday allows us to calculate what your next rate will be on existing bonds.