Washington, D.C.— Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.2% in September. Data also show that annual prices grew 2.4% over the last year, the lowest reading since February 2021.  

“We are starting to turn the corner on inflation. We’re seeing the cost of energy fall, and in nearly every state, wages are outpacing inflation. Today’s release is further proof that the Fed should continue cutting interest rates given our economic progress.  

“Now, we need to keep working to lower costs and ensure families in New Mexico and across the country feel relief. I’ll continue pushing the federal government to use every tool available to ease financial burdens on working people.”

 

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