Inflation hits 3% in first report since shutdown
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The nation’s inflation rate saw a rise to 3% annually, with prices increasing by 0.3% from August to September, as revealed in the latest consumer price index report.

This report, released on Friday, was the first federal update on inflation since the onset of the government shutdown over three weeks ago. A significant contributor to the price hikes was gasoline, which surged by 4.1% in September.

The release of the Consumer Price Index (CPI) report, a crucial measure of inflation, was delayed by over a week due to the shutdown. The Bureau of Labor Statistics had to recall furloughed employees to complete the report.

The figures in the report were slightly below what economists had anticipated, which were a 3.1% increase year-over-year and a 0.4% rise month-to-month.

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