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Friday, 24 October 2025

Inflation is on the rise again

07:25

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Plus: see a penny? The store wants it. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Oct 24 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money.

Inflation rose again in September, according to the latest Labor Department Consumer Price Index, which was released today.

The measure of goods and service costs across the country was delayed this month by the ongoing government shutdown and October data has been suspended. That means the economic impact of the shutdown has not yet been fully felt, Bankrate Financial Analyst Stephen Kates told USA TODAY's Rachel Barber.

Syndication Statesman Journal

The freezer aisle inside the new Grocery Outlet on Tuesday, Sept. 23, 2025, in Salem, Ore.Inflation rose again in September, according to the Labor Department's Consumer Price Index.

Kevin Neri/Statesman Journal / USA TODAY NETWORK via Imagn Images

Have a penny? They're harder to find.

Shortages of pennies are starting to crop up since the production of pennies stopped. The Treasury Department marked the beginning of the end of penny production in May after President Donald Trump told the department to stop making the coins.

The U.S. Mint reportedly made its last pennies in August and some convenience stores, supermarkets and retailers are starting to report locations dealing with penny shortages.

Larger tax refunds coming?

An economist predicts that Americans – particularly the affluent – will receive larger tax refunds or smaller tax bills when they file in 2026.

That comes from President Donald Trump's tax and spending package passed in July, reports Medora Lee.

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Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at blinfisher@USATODAY.com or follow her on X, Facebook or Instagram @blinfisher and @blinfisher.bsky.social on Bluesky. Sign up for our free The Daily Money newsletter, which breaks down complex consumer and financial news. Subscribe here.

DELRAY BEACH, FLORIDA - AUGUST 15: Vegetables on display in a grocery store on August 15, 2025 in Delray Beach, Florida. (Photo by Joe Raedle/Getty Images)

Inflation ticked up again in September. Price gains were led by increases in the cost of gasoline. See what other costs went up and down.

In this photo illustration, pennies are seen on a table on February 10, 2025 in New York City. President Donald Trump directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
 

Penny shortages starting to hit some retailers

Penny shortages are cropping up at some stores across the U.S. including Kwik Trip, Home Depot, Kroger and others.

The average federal income tax refund in 2024 was $3,138 based on IRS data through Dec. 27, down 0.9% from the same period in 2023.
 

Americans may get larger tax refunds in 2026. Here's why

Americans may see larger tax refunds in 2026, thanks to the IRS updatng delays to account for Trump's retroactive tax provision, an economist says.

A passenger uses his laptop to test a new high-speed in-flight internet service named Fly-Fi while on a special JetBlue media flight out of John F. Kennedy International Airport in New York, Dec. 11, 2013.
 

Southwest joins JetBlue, Delta in offering free in-flight Wi-Fi

Southwest Airlines now offers free Wi-Fi for Rapid Rewards members on all flights, joining JetBlue and Delta in expanding free connectivity.

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Your phone will be locked up upon entry at this new restaurant and bar

Hush Harbor, located in Washington, D.C., wants guests to live in the moment.

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Home sales rose slightly in September as mortgage rates declined.
 

Mortgage rates hit 13-month low. Will it energize housing?

Rates for home loans are at the lowest in more than a year and housing activity is responding - a bit.

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Target to cut about 1,800 corporate jobs, reports say

In a memo sent to employees, incoming Target CEO Michael Fiddelke announced that the retailer would be cutting about 1,800 corporate jobs.

American Cruise Lines will offer new national parks cruises in 2026.
 

These cruise itineraries will take guests to 3 national parks

American Cruise Lines will launch a new 15-day itinerary visiting Washington's Mount Rainier, Olympic and North Cascades national parks.

USA TODAY
 

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