Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Higher prices on rent, used cars and air fares contributed to a statistical bump in the Labor Department's measures of inflation, which most affect consumers.
Inflation rose to 2.6% in October in first increase in six months
The October inflation numbers were just released as part of the consumer price index — they are first inflation numbers since the election.
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
October inflation expected to buck long-term downward trend with slight uptick
The expected inflation increase is in part based on shifts in last year’s baseline and shouldn’t be seen as a move away from progress on getting the measure down, said RBC economist Claire Fan.
October inflation expected to show mild bump up despite longer-term downward trend
TORONTO - The latest inflation reading due out Tuesday from Statistics Canada is expected to show a slight uptick for the month of October — but economists say the measure
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Inflation is up modestly but economists say not to fret
In the New York area, consumer prices rose 4%, year over year, due to the higher cost of electricity, housing, recreation and food, the federal Bureau of Labor Statistics reported on Wednesday.