First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/11/03/inflation-remains-high-in-september-002861
<p><img src='https://www.moneymetals.com/uploads/content/inflation-remains-high-in-september-social.jpg'/></p>The disinflation process has not been as consistent as one may have hoped, new data from the Bureau of Economic Analysis show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.4 percent over the twelve-month period ending in September 2023—down from 6.4 percent over the twelve-month period ending in September 2022. That’s the good news. But there’s also bad news.