Consumer prices inched higher in October as a majority of voters backed a presidential candidate vowing sweeping economic policy changes.
by Rob Wile
NBC News
Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role.
The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday. That’s a bit hotter than the 2.4% annual rate in September, which was the slowest pace since President Joe Biden’s first full month in office.
“Core” inflation, a measure that excludes volatile food and energy prices, held at 3.3% over the 12 months ending in October, the same level notched in the previous month.