CPI Insights: September Shows Slow Inflation Rate
Thursday, 10 October 2024, 12:20
CPI Trends in September
The Consumer Price Index (CPI) saw a remarkable slowdown in September, reaching an annual rate of 2.4%. This rate signifies the slowest inflation pace in over three years, highlighting a key economic shift.
Details of the CPI Report
- Food prices have increased, contributing to the overall CPI rise.
- Core CPI, which excludes food and energy, rose by 0.3%.
- Annual core CPI stands at 3.3%, reflecting persistent inflationary pressures.
Impact on the Economy
Despite some price hikes, economists view this CPI slowdown as a sign of recovery as the factors driving inflation during the pandemic era are diminishing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.