The preferred inflation index of the Federal Reserve drops close to pre-pandemic levels

The preferred inflation index of the Federal Reserve drops close to pre-pandemic levels

The U.S. government announced today, Thursday, a decrease in the inflation index monitored by the Federal Reserve, bringing it to levels close to those before the pandemic, coinciding with the approach of the presidential elections.
In this context, the Department of Commerce reported that prices rose by 2.1% in September compared to the previous year, a decrease from the 2.3% recorded in August. This figure is close to the Federal Reserve’s target of 2% and reflects the levels recorded in 2018.
On a monthly basis, prices increased by 0.2% from August to September, compared to a rise of 0.1% from July to August. However, there are still signs of inflationary pressures, as core prices recorded a 2.7% increase in September, unchanged from August, with a monthly rise of 0.3%.