US inflation higher than expected in October - here's what is happening with prices
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- US Consumer Prices Rise 0.4% in October, Exceeding Forecasts as Fed Hike Looms (UPDATED)
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US inflation higher than expected in October - here's what is happening with prices
Prices rose by 0.4% over the month, driven by increases in shelter, food and energy costs.
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US inflation higher than expected in October - here's what is happening with prices
Prices rose by 0.4% over the month, driven by increases in shelter, food and energy costs.
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Inflation pace slowed in October, but prices remain high
Falling gas prices contributed to the slower increase in prices, but food prices picked up.
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US inflation rose 0.4% in October as price increases cooled and gas costs dipped
New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month. The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in
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New inflation report shows prices rose in October
Consumer prices rose more than economists expected in October, according to the latest CPI report. CBS News' Megan Cerullo has more on that and a new report that shows a drop in national gas prices.
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