The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year.

U.S. inflation remained elevated last month as the costs of some imported goods rose while rental prices cooled.

Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.

Inflation in the US climbs to 3%, driving up grocery bills, rents and eroding savings amid renewed cost-of-living pressure.

With the exception of goldbugs, almost everyone seems to have abandoned their inflation worries. The Federal Reserve is easing again, Wall Street stocks and bonds are rising in tandem, and even the bruised dollar has perked up a bit.

U.S. consumer prices rose 3% in the year ending September, the highest inflation rate since January, as tariff impacts remain unclear.

US inflation rose slightly less than expected in September, reinforcing expectations that the Federal Reserve will cut interest rates again next week.

WASHINGTON: US consumer inflation continued to heat up last month, but by less than expected, according to official data published on Friday (Oct 24), nine days late due to the ongoing government shut

US stocks climbed to fresh records following September’s benign inflation numbers as hopes of lower interest rates added fuel to a months-long market rally. Wall Street’s blue-chip S&P 500 rose 0.8 per cent on Friday, with technology companies and banks among the best performers.

ABC News’ Alex Presha spoke with Martha Gimbel, executive director and co-founder of the Budget Lab at Yale, about what the new inflation report means and what could influence prices going forward.