Price increases moderated in the U.S. last month in the latest sign that the inflation pressures might be easing as the economy slows and consumers grow more cautious.
By PAUL WISEMAN, AP Economics Writer WASHINGTON — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.
Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday. The year-over-year gain was the smallest since January. Excluding volatile food and energy prices,"core" inflation rose 6.3% in the past 12 months and 0.3% from September.Even with last month's tentative easing of inflation, the Federal Reserve is widely expected to keep raising interest rates to try to stem persistently high price increases.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UK: Plug-In Car Sales Increased By 18% In October 2022Let's take a look at the plug-in car sales volume in the UK in October 2022.
Lire la suite »
Crypto Venture Capital Investment Slowed Further in October: JPMorgan.jpmorgan says the rate of crypto venture capital investment slowed to under $1 billion in October. willcanny99
Lire la suite »
Warm, dry October intensifies U.S. drought(7 of 7) 2022 (January–October) contig U.S. precipitation total was 23.19 inches — 2.17 inches below avg — ranking 15th driest in the historical record. StateOfClimate
Lire la suite »
BYD Plug-In Car Sales Reached Another Record In October 2022BYD has just set its eight consecutive monthly sales record of plug-in electric cars, almost tripling the volume year-over-year.
Lire la suite »
China: Tesla Set New EV Export Record In October 2022In October, Tesla improved local retail sales and export of electric cars produced at the Giga Shanghai plant, including a new export record.
Lire la suite »