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American Eagle Outfitters store at the Mall of America in Bloomington, Minn., on Aug. 29, 2025. Madalina Kilroy/The Epoch Times
The U.S. annual inflation rate rose to the highest level since January, driven by higher gasoline prices and shelter costs.
According to new Bureau of Labor Statistics data, released on Oct. 24, the 12-month inflation rate climbed to 3 percent in September, from 2.9 percent in August.
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