"Consumer prices rose 2.4% in September compared to a year ago, according to the latest data released by the U.S. Bureau of Labor Statistics. That finding indicates that inflation has cooled dramatically from a peak of about 9% in 2022, hovering right near the Federal Reserve's target rate of 2%."
"Gas prices have finally quieted down," Patrick de Haan, the head of petroleum analysis at GasBuddy, told ABC News. He contrasted a relatively calm year for gas markets in 2024 with previous disruptions from the pandemic and the Russia-Ukraine war.
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