Statement from National Economic Advisor Lael Brainard on the October 2024 Consumer Price Index

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Today’s report shows CPI inflation was 2.6% in October, close to its pre-pandemic rate. This has been a hard-fought recovery, but we are making progress for working families, with gas prices down to $3.08 per gallon, insulin prices down from as much as $400 to $35 per month for seniors, and household incomes up by $4,000 more than prices during this Administration. We will keep fighting to lower costs for families on key items like housing and health care, and against policies that would

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