"Things are still gradually coming down, but there is going to be volatility month to month," noted economist Alan Detmeister, emphasizing the unstable nature of core inflation despite the overall decline.
The September inflation figures indicate a steady easing back to the Fed's 2% target, suggesting potential cuts in the benchmark interest rate, according to experts.
Omair Sharif pointed out a gradual slowdown in apartment rental prices, signaling a much-needed relief from housing inflation for consumers.
Consumer prices rose just 2.4% in September from a year earlier, marking the smallest annual increase since February 2021 and providing a promising economic outlook.
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