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October Inflation Report to Outline Latest Price Trends
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The U.S. inflation report for October will show how consumer prices changed last month, signaling whether their rate of increase is easing as interest rates climb.
Strong and broad price pressures fueled rapid inflation in September, the Labor Department said last month. The consumer-price index rose 8.2% from a year earlier, down from annual increases of 8.3% in August and 8.5% in July. June’s 9.1% inflation rate was the highest in four decades.
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October Inflation Report Shows Consumer Prices Rose 7.7% From Year Earlier wsj.com /1 year ago
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