US consumer prices rose 0.4% in October
U.S. consumer inflation rose 0.4 percent in October, according to the Consumer Price Index report. Food prices increased by 0.5 percent during the month. Core inflation, which excludes food and energy, advanced 0.3 percent.
- The consumer price index for October rose 0.4 percent from September.
- Fed governor Christopher Waller said a half-point rate hike should be considered next month if core inflation rose by at least 0.3 percent in October.
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