From the CPI’s perspective, Southern California prices rose at a 2.4% annual pace in September. That’s the slowest rate of increase since February 2021, and it’s down from 4% a year ago. By the way, inflation most recent top was at 8.6% in May 2022.

Consumer prices rose slightly in September as the Federal Reserve prepared to cut interest rates and ease off the brakes of the U.S. economy. The consumer price index, a closely watched gauge of

US consumer inflation cooled to 2.4% in September from 2.5% in August, but core inflation rose to 3.3%. Despite this 'slight upward surprise,' services inflation shows a decreasing trend. The Fed aims for further rate cuts this year amidst employment concerns.

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.