Consumer prices rose at annualized rate of 3% in September: federal government

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The country’s annualized inflation rate was 3% in September, according to the federal government’s Consumer Price Index report released Tuesday.

The rate was 2.9% in August. The annualized rate for last month was lower than the Dow Jones consensus estimate of 3.1%, according to CNBC. 

The country has not had an annualized inflation rate of 3% since January, according to CNN.

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