Inflation may be easing as consumer prices rise, but less than expected

InflationMoney Matters
Written By Jennifer Joslyn

💸 Inflation may be easing as consumer prices rise, but less than expected.

In October, the consumer price index increased 0.4% for the month and 7.7% from a year ago. Food and energy costs continue to be volatile, but prices have declined for medical care, used vehicles, and apparel items. Treasury yields fell, as a result, sending the market soaring after the results were released.

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Jennifer Joslyn
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