The US consumer price index (a key gauge of the overall inflation) rose in October, and posted the largest increase in 7 months, as the energy prices rose alongside healthcare and food.
According to the US Bureau of Labor Statistics official data released today, the CPI rose by 0.4% in October, due to higher fuel prices, higher than forecasts of 0.3%.
The consumer price index also rose in the 12 months until October by 1.8% vs. 1.7% in September's reading.
The core CPI reading (excluding the volatile energy and food prices) also rose by 0.2% last month.