The Consumer Price Index rose 2.4% in the 12-month period that ended in September, while a Gauge that strips out Food and Energy Prices was 3.3%, the Government said Thursday.
The September Consumer Price Index (CPI) Report, is the latest Data indicating that the Inflation Crisis is in the rear view mirror, with few signs of Price Pressures reigniting.
September CPI figure, the Smallest Increase since February 2021, compared to the 2.5% Increase in the year ending in August.
On a Monthly basis, the CPI rose 0.2%, the same as the Two prior months. Core CPI excluding Food and Energy, also held at 0.3%.
The Federal Reserve, once squarely focused on Cooling Iinflation, has pivoted its focus to the Labor Market.
The Central Bank cut Interest Rates by a half-percentage point last month, the First time Officials Lowered Rates since 2020, with the Intention to Protect the Job Market that looked to be wobbling.
Some Fed Officials are still wary about Inflation getting stuck below the Fed's 2% Target, and keeping a close watch on the Housing category that has remained Firm.
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