October CPI inflation up 0.2% to a 2.6% annual rate, meeting expectations
Consumer Price Index inflation increased 0.2% in October for an un-adjusted annual rate of 2.6%, meeting expectations, according to the Bureau of Labor Statistics.
US CPI data released, inflation rate picks up
The US Bureau of Labor Statistics has released the October CPI data, a crucial economic indicator for global investors.
CPI Data: Inflation Rises by 2.6%
The cost of living in America rose 2.6% in October, which was in line with economists expectations.
Will October's inflation increase slow the pace of interest rate cuts?
In October, inflation was above the annual inflation rate of 2.4% in September, and it increased 0.2% on a monthly basis, according to BLS. The cost of housing was the most significant contributor to the monthly increase in October,
Saudi Arabia's inflation rate edges up to 1.9% in October
Saudi Arabia's annual inflation rate continued to edge up in October to 1.9% from 1.7% in September, according to government data released on Thursday, driven by an increase in housing rents.
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
October inflation numbers meet forecast
Prices were 2.6% higher than a year ago. But wage growth continues to outpace inflation. Also: the history of the federal income tax.
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US consumer inflation picks up to 2.6% in October
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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.