U.S. inflation stays elevated but prices rose less than feared last month Politics Oct 24, 2025 9:40 AM EDT

WASHINGTON (AP) — U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow.

Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, down from 3.1% in the previous month.

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On a monthly basis, prices rose 0.3% in September, down from 0.4% the previous

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