Inflation rose to 2.6% in Oct. in 1st increase in 6 months

U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Annual inflation rate hit 2.6% in October, meeting expectations
Energy costs, which had been declining in recent months, were flat in October while the food index increased 0.2%. On a year-over-year basis, energy was off 4.9% while food was up 2.1%.
Inflation rose to 2.6% in October in first increase in six months
The October inflation numbers were just released as part of the consumer price index — they are first inflation numbers since the election.
Wholesale inflation heated up again last month, reversing recent progress
US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level.
Nigeria inflation rises for second month in October
Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September, data from the statistics agency showed on Friday.
Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage
Inflation rises 2.6% in October, in line with expectations
Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.
India's Oct wholesale inflation accelerates to four-month high
India's wholesale price-based inflation accelerated to a four-month high of 2.36% year on year in October due to elevated food prices, government data released on Thursday showed. Inflation for October was higher than the 2.
Inflation hit a bump in October after slowing for six straight months
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
Inflation accelerated in October, offering first look at prices since election
Inflation has cooled dramatically since a peak of 9% attained in 2022, now hovering near the Federal Reserve’s target rate of 2%. The slowdown of price increases has coincided with robust economic growth,
Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories like car insurance are trouble spots.
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CPI Data: Inflation Rises by 2.6%
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