And we got the latest read on consumer prices this morning. Break it down for us.
That's right.
And so us price gains is a little bit
in September showing that inflation continues to lessen.
I'll be at a
slow pace.
Well,
consumer prices rose 4 10 of a percent last month from August and 3.7% from a year ago.
That's according to the labor department,
while the monthly gain was more than expected,
but below the 6/10 of a percent increase in August
for prices which exclude those volatile food and energy
costs rose 4.1% in September from a year ago.
That was the slowest increase in court prices in two years.
So,
while inflation has cooled notably since its peak in June of 2022 and it was at 9.1%.
The rate is still above the Fed's long term 2% target.