Inflation in September 2024 cools to its lowest level since February 2021

Inflation has come full circle for the Biden administration.

Inflation has come full circle for the Biden administration.

Consumer price growth slowed to its lowest pace since February 2021 — the first full month President Joe Biden was in office, the Labor Department said Thursday in its final inflation report before Election Day.

The data, while a bit hotter than expected, points to an economy experiencing cooler inflation even as the job market remains sturdy and interest rates ease.

The 12-month Consumer Price Index measured 2.4% in September, slightly higher than expectations of 2.3% but down from 2.5% in August. On a month-to-month basis, the index climbed 0.2%, just above expectations of 0.1%.

https://www.nbcnews.com/business/economy/inflation-report-september-2024-cost-of-living-rcna174740

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