Pace of Inflation Slowed in October
A day after the
The index -- which measures the change in cost of a representative basket of goods and services -- is a key inflationary indicator known to move markets. The "core" CPI excludes the often-volatile food and energy sectors and gives a clearer picture of the underlying trend of price increases. Both rose 0.2% in October.
The year-over-year CPI stands at 3.4%, while the core inflation rate stands at 2.5%.
For a discussion of the Fed's latest views about inflation risks, see
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