Inflation rate September 2023: How the economy is looking now

Marley Jay is a business news reporter for NBC News Digital.

The U.S. government will make its next monthly inflation report on Thursday, and it's generally expected that it will show inflation is cooling off. The Bureau of Labor Statistics will release its latest round of price data tomorrow morning. Experts think it will show that overall prices for consumers rose by 0.2% compared to August, and 3.6% compared to a year ago.

The increases were small, and there were reasons that experts weren't especially concerned about them — for example, gas prices spiked 10% in August, and that hasn't happened again. Still, Raul Diaz, a regional senior investment officer at Northern Trust, told NBC News there's no guarantee inflation will continue to trend down. 'Inflation could reignite given that the labor market has been very resilient and the U.S. is a very consumer-based economy,' Diaz said.

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