That day, the U.S. Bureau of Labor Statistics releases the Consumer Price Index in a report that breaks down the inflation rate across various categories. It will let us look at how prices went up in different industries, ranging from energy to food to utilities and many other goods and services.
He added, “The time for moderating the pace of rate increases may come as soon as the December meeting.”, numbers showed inflationary pressure on the U.S. economy was easing. The CPI index rose 0.4 percent in October, the same as in September, and about 7.7 percent ahead of 2021 numbers. BLS reported that the core CPI, which excludes food and energy prices, increased by 0.3 percent from the previous month. The core measure dropped 6.3 percent from what was the highest in 40 years.
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