In September, U.S. inflation reached a 13-month low of 2.4% with monthly consumer prices up 0.2%.

In September, U.S. inflation reached 2.4%, the lowest since February 2021, down from 2.5% in August. Monthly consumer prices rose by 0.2%, slightly above expectations. Core prices, excluding food and energy, increased 3.3% year-on-year. Contributing factors included higher food and shelter costs, while energy prices saw declines. The Federal Reserve cut rates last month, signaling potential further cuts to support economic stability.

October 10, 2024
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