WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021.
Us Inflation Reaches Lowest Point In 3 Years, Though Some Price Pressures Remain
Christopher Rugaber, Chicago Tribune: Business
Thu, 10/10/2024 - 7:39pm
Topics: washington consumer february measured labor department alan detmeister ubs investment bank things omair sharif inflation insights americans october restaurant bryan tublin san francisco april-june july-september cooling president donald trump s vice president kamala harris president joe biden the fed s the fed lorie logan federal reserve s dallas inflation europe latin america covid ukraine economists goldman sachs middle east census bureau social security administration january i in inflation united states september august u.s fed federal reserve fed fed s december sharif i tublin kitava june trump social security years price remain lowest point month rate economy higher core costs food week rose earlier incomes elevated rise clothing presidential cost reported rising increases cauliflower annual provide pace fares quarter report big campaign bacon slow hiring growth volatile thursday previous jobs increased households energy dropped solid economic surge items bit coming quarter-point issue living started cutting november benchmark gradually show time cuts drop key peak half-point roughly pre-pandemic healthy rent government
BING NEWS:
- Federal Reserve’s preferred inflation gauge shows price pressures eased last month
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains ...
12/20/2024 - 2:07 am | View Link - U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
Wholesale costs in the U.S. picked up sharply last month, a sign that price pressures are still evident in the economy even though inflation has tumbled from peak levels.
12/12/2024 - 1:38 am | View Link - US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Wholesale costs in the United States picked up sharply last month, signaling that price pressures ... more than two years ago. The Labor Department reported Thursday that its producer price index — ...
12/11/2024 - 4:39 pm | View Link - US inflation ticked up last month as some price pressures remain persistent
WASHINGTON — Fueled by pricier used cars, hotel rooms, and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.
12/10/2024 - 7:53 pm | View Link - More
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