Inflation inched back up to 3% in September, according to a belated Consumer Price Index report released during the government shutdown. The Bureau of Labor Statistics data shows gasoline and groceries are the main factors driving the increase.

The 3% year-over-year rate marks the highest inflation level since January, though the monthly increase shows less of a bump in consumer prices compared to August, CBS News reported.

"We see some progress on a month-over-month basis, but we still have, I think, elevated prices. And I think that's the ultimate bottom line that most Americans associate with inflation," Mark Hamrick said.

Coffee prices have surged nearly 19% in September amid ongoing climate change, supply chain issues, and tariffs.

Fabio Caro, owner of Macondo Coffee Roasters in M

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