GoKawiil
Tech News
The Department of Labor reported that the consumer price index increased 3.7% year-over-year in September, up from 3.4% in August, with monthly costs rising 0.6%, the sharpest increase in five months. Core prices, excluding food and energy, climbed 2.6% annually, up from 2.4% the prior month, driven partly by higher gas, clothing, and airfare costs.
Bank of America's third-quarter profit dropped sharply, which the bank attributed to a $1.2 billion penalty. Shares fell more than 4% in premarket trading following the earnings report. The disclosure came the same morning as new consumer price index data, the last inflation reading before the midterm elections.
The U.S. Bureau of Labor Statistics' latest consumer price index shows grocery costs climbed 2.7% between August 2025 and August 2026. Over a longer stretch, the same basket of food items now costs 33% more than it did in August 2019, reflecting a sustained multi-year rise in food expenses.