USA: inflation at its lowest since February 2021

(CercleFinance.com) - According to the Labor Department, the US consumer price index rose by 2.
4% in September 2024 compared with the same month in 2023, the lowest rate since February 2021, but 0.1 points above Jefferies' expectations.

Excluding energy (-6.8%) and food (+2.3%), two traditionally volatile categories, the annual inflation rate came out at 3.3% last month, a level also 0.1 points higher than Jefferies' forecast.

On a sequential basis, i.e. between August and September 2024, US consumer prices rose by a further 0.2% in unadjusted terms, and by 0.3% excluding energy and food products.

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