Key US inflation measure ticks higher for first time since March
Key US inflation measure ticks higher for first time since March
www.theguardian.com Key US inflation measure ticks higher for first time since March
The consumer price index rose at annual pace of 2.6% after September saw lowest rate in more than three years
Summary
The consumer price index rose to 2.6% in October, indicating a bumpy path towards lower inflation levels.
Despite a decline in inflation, many Americans remain under pressure due to years of price increases.
The Federal Reserve has cut interest rates to combat inflation, but the job is not yet complete.
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