Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September.
The readings were both in line with the Dow Jones estimates.
Excluding food and energy, the move was even more pronounced. Core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts.
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Source: https://www.cnbc.com/2024/11/13/cpi-inflation-october-2024.html