The cost of U.S. goods and services rose in September at the slowest pace in four months, reflecting smaller increases in gasoline prices and cheaper groceries.
The consumer price index rose 0.2% last month, the Labor Department said Tuesday, matching the MarketWatch forecast.
Consumer inflation sank early in the coronavirus pandemic, then snapped back after the economy reopened, but it might be settling into a more stable pattern.
The broad rate of inflation is still quite low with coronavirus continuing to depress economies around the world. The cost of living has risen just 1.4% in the past year, up a tick from the prior month.
By contrast, inflation was running at a much higher 2.5% rate at the start of 2020.
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