
Inflation ticked up 0.3 percent in the month and 3 percent year over year in the past 12 months as President Donald Trump defended his tariffs against Canada.
The Bureau of Labor Statistics released the Consumer Price Index report that tracks inflation. The report had been delayed due to the government shutdown that began this month.
The price of gas drove much of the increase of inflation, as the index for gasoline rose by 4.1 percent in September and the index for energy overall 1.5 percent.
The index for food rose by 0.2 percent in September and it rose 3.1 in the past year. The price of beef and veal rose 1.2 percent in the past month, which comes Trump has proposed importing beef from Argentina.
The core CPI index, which measures all items minus food and energy, rose 0.2 percent in September, which is slightly down from the 0.3 number from the previous
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