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Marketplace.

Data. A bit more data. place.

Data, a bit more data, and then, okay, fine, data from American public media.

This is market flights.

In Los Angeles, I'm Kara Rizdahl. It is Wednesday, today the 11th of September. Good as always to have you along everybody.

The marketplace macroeconomic number of the day day is two and a half. That's two and a half

percent which is how much inflation we've seen in this economy the past 12 months

data courtesy of the Labor Department and this morning's Consumer Price Index.

It's the smallest increase in more than three and a half years and more to the point,

it's just a half a percentage point above the Federal Reserve's 2% inflation target.

It does kind of feel though like we've been this close to where the Fed wants us to be

for a good long while now.

So why are we so stuck? Marketplace is Justin Ho starts us off.

The parts of the economy where inflation is taking a while to come down are really in the services sector.

For instance, inflation actually picked up last month in the food

away from home category. Which reflects what? No that's like restaurants and

and what's a big component of restaurant costs is labor costs. That's Menziie Chen, an economics professor at the University of

Wisconsin. He says yeah the labor market has cooled off recently but wages are

...