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How are your bills?

That's one way for you to keep tabs on your personal inflation this morning

in lieu of the Federal Reserve's favorite reading on inflation.

I'm David Brancaccio in Los Angeles. The Personal Consumption Expenditures, Inflation Report, is not coming out today because it's government shutdown day 31 here.

What else do we know about inflation at a time of tariffs? Marketplaces Justin Hoe reports.

Inflation has been picking up this year, but there are a couple of factors that have been

pushing against that increase. Michael Pierce, Deputy Chief U.S. economists with Oxford economics,

says in many parts of the country, rents have been coming down. We've had a lot of new, particularly

new apartments completed over the last few years, a lot of new, particularly new apartments completed over the last

few years, a lot of new housing stock. And, you know, the demand just hasn't been there. And so we've

seen this gradual decline in rents on new leases. Wage growth has been slowing too. Pierce says that

also takes pressure off of inflation. You know, at least two-thirds of the costs of most services actually come down to labor

costs.

So if those labor costs are not rising as fast, we should see disinflationary pressure continue.

But there are also plenty of factors pushing inflation higher, including the president's

tariffs.

...