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Consumers did not see much relief in October as inflation rose more than expected.
Last month’s inflation climbed 0.4 percent, from 0.6 percent in September, according to the Bureau of Labor Statistics.
Stripping out food and energy, core inflation edged up 0.3 percent.
Both readings came in above the consensus estimate of 0.3 percent and 0.2 percent, respectively.
This is a developing story. Please check back for further updates.
…
Last month’s inflation climbed 0.4 percent, from 0.6 percent in September, according to the Bureau of Labor Statistics.
Stripping out food and energy, core inflation edged up 0.3 percent.
Both readings came in above the consensus estimate of 0.3 percent and 0.2 percent, respectively.
This is a developing story. Please check back for further updates.
…
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