Inflation Expected to Cool in September C.P.I. Report

Published On Oct 10, 2024, 5:55 AM

The latest Consumer Price Index (CPI) report revealed that inflation in September moderated to 2.4% year-over-year, slightly higher than economic forecasts. A core measure of inflation, which excludes food and fuel, increased to 3.3% from 3.2%. Although inflation is cooling since peaking at 9.1%, the pace of decline is slower than anticipated. Notably, the housing cost measure is showing signs of moderation, which could stabilize overall inflation moving forward.

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The slight increase in core inflation suggests that while inflation pressures are easing, there is still uncertainty in the economic outlook. Policymakers may remain cautious, which could impact interest rates. The moderation in housing costs is a positive sign for a more sustained reduction in inflation.

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