Summary
- The October inflation report was a mixed bag, with core inflation coming in slightly lower than expected.
- Increases in energy prices accounted for more than half the overall increase in inflation.
- Food prices also are rising. Have you noticed?
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, “headline” inflation increased 1.8%.
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