Inflation slowed to its lowest pace in over three years last month, rising at an annual rate of 2.4%, figures by the Bureau of Labor Statistics showed. 
The headline reading, which was down from 2.5% in August, came in slightly higher than economists’ expectations of 2.3%, however. 
Meanwhile, the so-called ‘core’ index, which excludes volatile food and energy prices, rose at an annual rate of 3.3%, as both headline and core CPI failed to drop on a monthly basis. 
This is unlikely to stand in the way of further rate cuts in November, with the core measure having come down from 3.9%…