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

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Today’s report shows inflation has fallen back down to 2.4%, the same rate as right before the pandemic. We keep making progress, with inflation returning to pre-pandemic levels, 16 million jobs created, lower interest rates, and low unemployment. Our economy has grown 3.2% per year under the Biden Harris Administration—stronger than during the previous administration. Incomes are up almost $4,000, after adjusting for inflation. We are working around the clock to help the families affected by

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