News > Soaring rent, food costs keep U.S. inflation on front burner

Soaring rent, food costs keep U.S. inflation on front burner

The report from the Labor Department on Thursday also showed a measure of underlying inflation posting its biggest annual increase in 40 years as consumers also paid more for health care.

The data followed on the heels of last week's strong employment report, which showed solid job gains in September and a drop in the unemployment rate to a pre-pandemic low of 3.5%.