Core inflation rate hit 2.8 percent
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A shutdown-delayed federal report released Friday found overall U.S. inflation crept up slightly in September, driven mostly by rising gas and grocery prices as consumer spending cooled.
The income growth level is similar to the rate seen in the early 2010s, when the unemployment rate was stuck at 7% and slow to come down, according to a study.
President Donald Trump calls affordability a "Democrat scam" while inflation rises to 3% and voters express growing economic concerns in new polling data across the nation.
C ore inflation, a price measure closely watched by the Federal Reserve, came in cooler than expected in September, according to delayed federal data, a win for Republican President Donald Trump, who wants the central bank to cut interest rates more quickly and is under pressure from Democrats over affordability.
Small Business Saturday spending dropped sharply this year, with consumers prioritizing bargains over supporting local shops due to high inflation and low confidence.
Inflation in the euro zone faces downside risks in the medium term, even as price growth has returned to the ECB's 2% target, European Central Bank policymaker Olli Rehn said, according to a report in a magazine on Saturday.
Indian businesses anticipate a modest rise in inflation expectations to 3.97% by October 2025, while projecting subdued sales. Despite this, profit outlook has brightened, with firms attributing improved margins to easing cost burdens rather than increased demand.