US Inflation Hits 3% in Sept: Persistent Consumer Price Pressures
Prices paid by U.S. consumers rose by 3% in September, highlighting the continued strain that inflation places on household budgets across the country.The latest government data revealed that the Consumer Price Index (CPI) increased 3% year over year in September, up slightly from August’s 2.9%. This modest rise reflects how price pressures, though less severe than in the early stages of the post-pandemic recovery, remain firmly embedded in the U.S. economy. Despite expectations of a more pronounced cooling, inflation continues to challenge both consumers and policymakers who are seeking a return to stable price growth.The latest inflation figuresThe 3% annual…