) -- Consumer prices inched up in October, as energy and new-car prices increased.
The Labor Department said the consumer price index rose 0.3% during the month, as new car prices jumped 1.6%, the most in 28 years. Economists expected the index to grow 0.2% to the median of 78.
Excluding food and energy, the core index advanced 0.2%.
-- Reported by Jeanine Poggi in New York
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.