The most recent reports on inflation show that overall pricing pressures are continuing to decline, although inflation is still above the Federal Reserve's target of 2.0%. In September, the Consumer Price Index (CPI) indicated an annual inflation rate of 2.4%, which is slightly lower than the 2.5% rate in August.

The core CPI, which excludes food and energy, increased to 3.3% due to higher transportation services and shelter costs. On the other hand, prices for gasoline and used cars have decreased compared to the previous year. The Producer Price Index (PPI) also reflects easing inflation, with a final demand annual rate of 1.8% in September, down from 1.9% in August.

Analysts predict that pricing pressures will continue to ease as the housing market cools, new vehicle supplies increase, and oil prices remain below $90 per barrel. The Federal Reserve has adjusted its policy towards lower rates after significant rate hikes in 2022-2023. It is expected that there will be further rate cuts in the second half of 2024 and the first half of 2025, particularly after the upcoming U.S. presidential election.