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Inflation data released: Will there be a cut in November?
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Here's the Breakdown for September CPI, in One Chart

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In One Chart joined discussion · Oct 10, 2024 20:45
In September 2024, the annual inflation rate in the US continued its downward trend for the sixth straight month, reaching 2.4% — the lowest level since February 2021, down from 2.5% in August. This figure slightly exceeded the anticipated rate of 2.3%. On a monthly basis, the CPI increased by 0.2%, consistent with the rate in August and surpassing expectations of a 0.1% rise.
The annual core inflation, which excludes volatile items like food and energy, ticked up to 3.3% from 3.2% in the preceding two months, despite predictions it would remain unchanged. The monthly core inflation rate held steady at 0.3%.
Here's the Breakdown for September CPI, in One Chart
Food costs were up 2.3% compared with one year ago, after increasing by 2.1% YoY last month.
Energy costs decreased by 6.8% YoY, after decreasing by 4.0% YoY in August. Energy prices decreased by 1.9% on a MoM base.
Used cars and trucks prices decreased by 5.1% YoY, after decreasing by 10.4% in the previous month.
Shelter costs were up 4.9% compared with one year ago, after increasing by 5.2% YoY in August.
By Moomoo North America Team Calvin
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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