Key US inflation measure ticks higher for first time since March
Nov 13, 2024
The consumer price index rose at annual pace of 2.6% after September saw lowest rate in more than three yearsA key measure of US inflation has risen for the first time since March, underlining its bumpy ride down to lower levels.The consumer price index (CPI), which measures price growth across a basket of goods, ticked up to an annual pace of 2.6% in October – from 2.4% in September, which had been the slowest rate in more than three years. Continue reading...