Measures of U.S. inflation showed a slight decline in September, indicating a gradual decrease in consumer price increases. Consumer prices rose 0.4% from August to September, lower than the previous month's 0.6% pace. Year-over-year inflation remained unchanged from August at a 3.7% rise. Underlying inflation also decreased slightly, with core prices increasing 4.1% in September, down from 4.3% in August. Despite this, prices are still rising faster than the Federal Reserve's target of 2%. The main contributor to last month's inflation was an increase in housing costs, but economists expect rental price increases to moderate.
Frequently Asked Questions
Q: Did US inflation ease slightly last month?
A: Yes, US inflation eased slightly last month. According to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics, the US annual inflation rate slowed to 3% in June. This is the 12th straight month of slowing inflation. The CPI measures changes in the prices paid by urban consumers for a market basket of consumer goods and services. You can find more information about the CPI and US inflation rates on the U.S. Bureau of Labor Statistics website.