US consumer prices rise as expected in October

Quick Summary:

In the 12 months through October, the CPI advanced 2.6% after climbing 2.4% in September.

Frustration over inflation helped to propel Republican Donald Trump to victory in last week’s presidential election, defeating Democratic Party candidate and Vice-President Kamala Harris.

Economists polled by Reuters had forecast the CPI gaining 0.2 per cent and increasing 2.6 per cent year on year.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Year 2022 Months Rate Economists Inflation Slowed Fed’s Cent October Annual

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:05:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23572915

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Headquarters: Singapore

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