© 2025
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Economic Pulse: Week of 9/20/24

Inflation & interest rates

According to the Bureau of Labor Statistics, the seasonally adjusted consumer price index (CPI) rose by two-tenth of 1% in August, dropping the inflation rate over the last 12 months to 2.5%. This is the 2nd month in a row when inflation has been below 3% in over three years. It is important to note that this does not mean prices are decreasing; the last calendar year with negative inflation was 1954, and that was not a good year as the economy was in a recession part of that year.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 9/20/24)

Dr. Kamran Afshar is the host of the weekly WDIY feature Economic Pulse, and he currently serves on the Board of Directors for the Lehigh Valley Community Broadcasters Association as a Vice President.
Related Content
  • Payroll employment in the Valley is at a record high. Dr. Kamran Afshar takes a look at this and more in his synopsis of this week's economic news and trends across the Lehigh Valley and nation.