September CPI Report As we step into the final quarter of 2024, inflation data from September reflects a continued, albeit uneven, journey towards the Federal Reserve’s target of 2 percent. The Consumer Price Index (CPI) was up 2.4 percent on a yearly basis, down from 2.5 percent in August. The core inflation, a measure that excludes volatile food and energy prices, was 3.3 percent, up from...