Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its highest level since January, government data on Friday showed. The reading came in lower than economists' expectations.

The fresh data marked a slight increase from a 2.9% year-over-year increase recorded a month prior. An acceleration of price increases over recent months has coincided with a flurry of tariffs issued by President Donald Trump.

Beef prices soared nearly 15% over the year ending in September, data showed. Trump has set off outcry among some ranchers over a plan to import beef from Argentina in an effort to reduce U.S. prices.

Egg prices, a longtime symbol of rising costs, fell almost 5% in September. The price of eggs stands about 1% lower than where

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