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Latest US Sep CPI Updates
The Bureau of Labor Statistics released the US Consumer Price Index (CPI) data for September 2024.
Annual Inflation Rate: The annual inflation rate fell to 2.4% in September from 2.5% in August.
Monthly CPI Increase: The CPI increased by 0.2% in September, matching August's increase and surpassing estimates of 0.1%
Core Inflation: Core inflation, which excludes food and energy, rose by 0.3% in September.
Food and Shelter Costs: These two indices accounted for more than 75% of the monthly rise in all products.
Analyst Reviews
Analysts have shared their perspectives on the latest CPI data:
Morningstar: Analysts noted that while overall inflation continued to trend lower, the core CPI rose slightly higher than expected.
CBS News: The report suggests that the cooling inflation could pave the way for another Federal Reserve rate cut.
The Wall Street Journal: Analysts highlighted that the CPI likely rose by 2.3% from a year earlier, a slowdown from August's 2.5% rate.
Online Netizen Feedback
Netizens have been vocal about their opinions on the CPI data:
Investopedia: Some users expressed concern that the hotter-than-expected inflation data might impact household budgets and the Federal Reserve's efforts to control inflation.
Yahoo Finance: There's a mix of opinions, with some users worried about the impact on interest rates and others discussing the implications for the stock market.
USA Today: Many netizens acknowledged that while inflation is heading in the right direction, it remains too high for many households.
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