Inflation continued to chill in September to the bottom stage in three years, although the report got here in barely hotter than anticipated.
The Labor Division on Thursday mentioned the buyer value index (CPI) – a broad measure of how a lot on a regular basis items like gasoline, groceries and lease value – rose 0.2% in September from the prior month and was up 2.4% a yr in the past.
Economists predicted that inflation would gradual to 2.3% on an annual foundation with it rising 0.1% from final month, in response to estimates by economists surveyed by LSEG.
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