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US inflation fell to 2.4% in September

Thursday’s data is the last set of CPI figures before the November 5 election

US inflation fell to 2.4 per cent in September, as the Federal Reserve considers cutting interest rates again at its next meeting in November.

The figure was below August’s 2.5 per cent annual increase but above economists’ expectations of 2.3 per cent.

The latest consumer price index report, the last before the November 5 presidential election, marked the sixth consecutive month the annual headline rate has fallen.

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