Inflation unexpectedly picked up in September, signaling the economy is still far from normal
The latest reading also suggests inflation might not be as transitory as the White House and the
Used car prices, which counted for roughly one-third of the spring's inflation surge, saw prices drop 0.7% in September. While that's not as big a decline as August's 1.5% slump, it signals the category isn't contributing to continued rising prices. across the country. The administration has secured commitments from UPS, Walmart, and FedEx to work 24/7 to solve backlogs and pull shipping times back to normal, a senior administration official said in a Tuesday call.
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