US consumer price posts largest increase in 7 months

Economies.com
2019-11-13 14:06PM UTC

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.

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