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The inflation rate is the percentage at which costs of goods and services rise over a set period of time. In September, the inflation rate leveled off at 3.7%, which is slightly less than the 3.8% it had been in August. This is a continuation of the gradual consumer price slowdown, which has been occurring for the past few months. Prices of many goods and services remain relatively stable, despite the onset of the COVID-19 pandemic.
