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The Consumer Price Index rose 2.6% versus a year ago in October — falling in line with expectations, the Labor Department said on Wednesday.
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in October, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index, the first rise ...
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Inflation ticks up for first time since March 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 ...
It’s the first time since March annual inflation was up month-over-month, with inflation coming in at a 3.5-year low of 2.4% last month.
US inflation rose slightly last month after 2 years of steady cooling but remained low Consumer prices rose 2.6% from a year earlier.
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