Inflation at 3.7% as of September
According to the Bureau of Labor Statistics, the seasonally adjusted consumer price index (CPI) rose by 0.4% in September, a drop from August but still twice higher than July. If the price increases stay at this rate, annual inflation will leap to 4.9%. However, over the last 12 months, inflation was 3.7%, less than half of last year's level.
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Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 10/13/23)
