September Quarter Inflation Hits Highest Annual Rate Since 1990 The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12 month inflation rate at 2.1%, both in line with dow jones estimates. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12 month inflation rate at 2.1%, both in line with dow jones estimates. however.
Taming Rising Inflation Rate Over the prior year, prices rose 2.7% in september, above wall street's expectations for 2.6% and in line with the 2.7% seen in august. on a yearly basis, overall pce increased 2.1%, its slowest. Oct. 31, 2024. inflation has been cooling for two years, and fresh data released on thursday showed that trend continued in september. prices climbed just 2.1 percent compared with a year earlier. Annually, pce inflation fell to 2.1%, its lowest since february 2021, down from 2.3% in august, while the core rate held steady at 2.7%, above the expected 2.6%. fed officials target inflation at a 2% annual rate, a level it has not achieved since february 2021. this is available to pro farmer subscribers only. start a 30 day free trial. September's annual pce inflation index used by the fed as a benchmark was a bit lower than the 2.2% year on year august rate. the august results beat economists' expectations. the august results.
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