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“Core” inflation, a measure that excludes volatile food and gas prices, rose at an annual rate of 3.3% in October, as predicted. Core inflation remains elevated because of high prices for ...
Inflation has eased considerably since peaking at 9.1% in June 2022 and has steadily cooled. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and ...
Prices held steady in October as inflation slowed further. Marley Jay. Updated November 14, 2023 at 10:24 AM. Bing Guan. ... and 3.2% from October 2022. Core prices, which exclude food and energy ...
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December.
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden, who took office in January 2021, being net negative starting in October of that year. [157]
Inflation: Consumer prices were unchanged in October, core inflation rises at slowest pace since September 2021. Alexandra Canal. November 14, 2023 at 11:10 AM.
Economists polled by LSEG predicted that inflation would come in at 0.2% in October while ticking up to 2.6% on an annual basis. The annual figure was up compared with a month ago, when the ...
The Bureau of Labor Statistics released its October Consumer Price Index (CPI) at 8:30 a.m. ET on Tuesday. Here are the main figures from the report, compared to Wall Street estimates.