Lower Inflation in the USA

» Published: October 31 2024

Lower Inflation in the USA
Photo: Eduardo Munoz Alvarez/AP/TT

Share this article

Inflation in the USA amounted to 2.1 per cent in September according to the so-called PCE measure. This can be compared to 2.2 per cent the previous month.

The figure was in line with market expectations. According to a compilation from Bloomberg, investors had counted on an inflation rate of exactly 2.1 per cent.

The PCE inflation is seen by the USA's central bank Federal Reserve (Fed) as the most important price increase measure when decisions on future interest rates are to be made.

In contrast to the more common CPI measure of inflation, which is based on a basket of goods, the PCE inflation is calculated on what is actually consumed.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Air Travel Rises 5% in August as Swedavia Airports See Growth
1 MIN READ

Air Travel Rises 5% in August as Swedavia Airports See Growth

Danske Bank Predicts Swedish Interest Rate Cut in November
1 MIN READ

Danske Bank Predicts Swedish Interest Rate Cut in November

Klarna's New York IPO: Analyst Calls It a High-Risk Stock
3 MIN READ

Klarna's New York IPO: Analyst Calls It a High-Risk Stock

Stock Market Volatility Follows Xi's Speech Amid Military Parade
1 MIN READ

Stock Market Volatility Follows Xi's Speech Amid Military Parade

Google Retains Chrome in Partial Legal Victory
2 MIN READ

Google Retains Chrome in Partial Legal Victory

Wall Street Opens September with Losses Across Major Indexes
2 MIN READ

Wall Street Opens September with Losses Across Major Indexes

Saab Partners with Polish WB Group for Defense Collaboration
1 MIN READ

Saab Partners with Polish WB Group for Defense Collaboration

Two Companies Sue LKAB for 700 Million Kronor Over Mine Expansion
1 MIN READ

Two Companies Sue LKAB for 700 Million Kronor Over Mine Expansion

Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait
2 MIN READ

Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait

Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation
3 MIN READ

Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation

Kraft Heinz to Split into Two Separate Companies
1 MIN READ

Kraft Heinz to Split into Two Separate Companies

Euro Zone Inflation Rises to 2.1 Percent in August
1 MIN READ

Euro Zone Inflation Rises to 2.1 Percent in August

Government Criticizes Banks' Efforts on Fraud Protection
2 MIN READ

Government Criticizes Banks' Efforts on Fraud Protection

Nine Arrested in Stockholm for Major Insider Trading Crimes
2 MIN READ

Nine Arrested in Stockholm for Major Insider Trading Crimes

Klarna Introduces New Payment Card in Sweden and Europe
1 MIN READ

Klarna Introduces New Payment Card in Sweden and Europe

Stockholm Stock Exchange Drops 2.2 Percent Amid Broad Decline
1 MIN READ

Stockholm Stock Exchange Drops 2.2 Percent Amid Broad Decline

New Zealand Reopens Housing Market to Wealthy Foreign Buyers
1 MIN READ

New Zealand Reopens Housing Market to Wealthy Foreign Buyers

Fruit, Vegetables, and Cooking Oil Prices Drop Amid Stable Food Costs
2 MIN READ

Fruit, Vegetables, and Cooking Oil Prices Drop Amid Stable Food Costs

Asian Markets Mixed; Chinese Stocks Decline
1 MIN READ

Asian Markets Mixed; Chinese Stocks Decline

Housing Prices Near Record Levels Despite August Increase
2 MIN READ

Housing Prices Near Record Levels Despite August Increase