Inflation rises 2.4% in September, above expectations

The Labor Department on Thursday said the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in September from the prior month and was up 2.4% from a year ago.

Economists predicted that inflation would slow to 2.3% on an annual basis with it rising 0.1% from last month, according to estimates by economists surveyed by LSEG.

So-called core prices, which exclude more volatile measurements of gasoline and food to better assess price growth trends, were up 0.3% on a monthly basis and 3.3% compared to a year ago – slightly higher than economists' expectations of 0.2% and 3.2%, respectively.

https://www.foxbusiness.com/economy/cpi-inflation-september-2024