Inflation continued to cool in September to the lowest level in three years, though the report came in slightly hotter than expected.

The Labor Department on Thursday said the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in September from the prior month and was up 2.4% a year ago.&nbsp;

Economists predicted that inflation would slow to 2.3% on an annual basis with it rising 0.1% from last month, according to estimates by economists surveyed by LSEG.

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The Labor Department released closely watched inflation data for September that showed the consumer price index rose 2.4% last month, which was slightly above expectations.{ai:summary}Inflation in the U.S. eased to 2.4% in September, the lowest level in three years, though slightly above economists' expectations of 2.3%. The consumer price index rose 0.2% from August.The report reflects ongoing trends in the cost of everyday goods. #economy

Inflation rises 2.4% in September, above expectations

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