The Westerly Sun on Nostr: US inflation reaches lowest point in 3 years, though some price pressures remain ...
US inflation reaches lowest point in 3 years, though some price pressures remain
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US inflation dropped to 2.4% in September 2024, down from 2.5% in August; this is the lowest annual rise since February 2021; core prices rose 3.3% year-over-year; gas prices fell 4.1% from August to September; grocery prices increased by 0.4% in September; bacon prices peaked at $7.60 per pound in October 2022, now at $6.95; unemployment rate decreased from 4.2% to 4.1%; Fed expected to cut interest rates by two quarter-points in November and December; inflation peaked at 9.1% in June 2022; median household incomes rose 4% in 2023; 73 million Social Security recipients to receive a 2.5% cost of living adjustment in January 2024.
#Inflation #Economy #FederalReserve #InterestRates #ConsumerPrices #Housing #Jobs #SocialSecurity #Politics #EconomicGrowth
https://www.thewesterlysun.com/daily-news-alerts/us-inflation-reaches-lowest-point-in-3-years-though-some-price-pressures-remain/article_3169283d-03ad-54f4-8f11-fd6ef825011f.html
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US inflation dropped to 2.4% in September 2024, down from 2.5% in August; this is the lowest annual rise since February 2021; core prices rose 3.3% year-over-year; gas prices fell 4.1% from August to September; grocery prices increased by 0.4% in September; bacon prices peaked at $7.60 per pound in October 2022, now at $6.95; unemployment rate decreased from 4.2% to 4.1%; Fed expected to cut interest rates by two quarter-points in November and December; inflation peaked at 9.1% in June 2022; median household incomes rose 4% in 2023; 73 million Social Security recipients to receive a 2.5% cost of living adjustment in January 2024.
#Inflation #Economy #FederalReserve #InterestRates #ConsumerPrices #Housing #Jobs #SocialSecurity #Politics #EconomicGrowth
https://www.thewesterlysun.com/daily-news-alerts/us-inflation-reaches-lowest-point-in-3-years-though-some-price-pressures-remain/article_3169283d-03ad-54f4-8f11-fd6ef825011f.html