Inflation edged up in Sep., report shows
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inflation, The shutdown
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A report by the Bureau of Labor Statistics found that the consumer price index increased by 0.3% during September compared to August.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
The federal government remains shut down. The NPR Network is following the ways the shutdown is affecting services across the country.
Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when millions of low-income Americans are set to lose access to critical food assistance.
The Social Security Administration will continue distributing disability and SSI payments, but some services are unavailable during the government shutdown.
The government shutdown entered day 24 Friday as fears mounted that the impacts of the funding lapse may soon start to bite. The Senate failed to pass a bill to keep paying some federal employees who work through the shutdown,
Better reports a government shutdown may lower mortgage rates but introduces processing delays, especially for FHA and VA loans.
Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.