Economic sentiment dipped for the third month in a row, according to a closely watched gauge on consumer confidence.

Consumer inflation rose to 3% in September, just shy of what experts expected, according to the Consumer Price Index report released Friday. The report from the Bureau of Labor Statistics showed prices rose 0.

U.S. consumer prices increased slightly less than expected in September as a surge in the cost of gasoline was partially offset by a sharp moderation in rents, keeping the Federal Reserve on track to cut interest rates again next week.

Inflation rose in September. The Bureau of Labor Statistics released CPI data during the government shutdown, which has affected some operations.

The Bureau of Labor Statistics' September consumer price index is the first major economic report to be released since Oct. 1 .

Inflation data shows inflation ticking up, offering this month’s only official glimpse of the economy amid the shutdown.

U.S. consumer prices increased slightly less than expected in September as a surge in the cost of gasoline was partially offset by a sharp moderation in rents, keeping the Federal Reserve on track to cut interest rates again next week.

The Michigan Consumer Sentiment Index fell 1.5 points (-2.7%) to 53.6 this month. The latest reading was lower than the forecast of 55.0.