In what is a massively important metric for the country’s economic standing, US inflation figures have fallen to 2.4% in September 2024. Indeed, the latest US Consumer Price Index (CPI) report shows that inflation is falling even closer in line with the Federal Reserve’s target.

The data also shows a second straight month of decline. In August, inflation came in at 2.5% and was key in informing the Fed’s most recent interest rate decision. The promising fall of inflation had led the central bank to cut rates for the first time in four years.