KEY POINTS
A delayed federal report finds overall U.S. inflation ticked up slightly in September.
Gas and grocery price jumps were among the main drivers of the increase.
Consumer spending was flat when adjusted for inflation.
A shutdown-delayed federal report released Friday found overall U.S. inflation crept up slightly in September, driven mostly by rising gas and grocery prices as consumer spending cooled.
The Labor Department’s Personal Consumption Expenditure report , originally scheduled for release in October, shows headline PCE prices rose 0.3% on a monthly basis and the annual inflation rate came in at 2.8%. The annual rate was up 0.1% from August, according to the department’s Bureau of Economic Analysis.
The core PCE inflation metric, which strips out volatile food and

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