Consumer prices moved little last month as inflation flattened out in October, according to data released Tuesday by the Department of Labor.

The consumer price index (CPI), a closely watched gauge of inflation, stayed even with its September level last month. Prices were up 3.2 percent over the past year, far lower than September's annual inflation rate of 3.7 percent.

The new inflation figures are a welcome sign of reprieve after three consecutive months of rising or unchanged inflation. Economists expected the annual inflation rate to drop to 3.3 percent in November, according to consensus estimates.

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Prices stayed flat in October as annual inflation dropped

10 1
14.11.2023

Consumer prices moved little last month as inflation flattened out in October, according to data released Tuesday by the Department of Labor.

The consumer........

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