Inflation September 2024: How consumer prices are moving and what it mesns for the economy

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Inflation September 2024: How consumer prices are moving and what it mesns for the economy
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Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.

Ahead of the latest monthly inflation reading, consumers are still coming to terms with the sticker shock of everyday goods and services prices — and lingering uncertainty about the economy. The pace of consumer price growth was expected to have remained largely unchanged in September, according to Dow Jones estimates.

While both parties’ candidates agree prices are hurting everyday consumers, the nation is also starkly divided when it comes to views on the state of the economy. According to the most recent University of Michigan Consumer Survey, Republicans’ ratings of current economic conditions are at the lowest levels on record, while Democrats’ views are nearly three times more favorable.

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