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Consumer Inflation Posts Biggest Increase in 7 Months on Higher Gas Prices
Wednesday, 13 November 2019 20:47 WIB | ECONOMY |CPI AmerikaEkonomi AS

Americans paid higher prices for gasoline, medical treatment and recreation in October, but inflation more broadly remained low and fairly stable.

The consumer price index jumped 0.4% in October, with energy accounting for more than half the increase, the government said Wednesday.

Economists polled by MarketWatch had forecast a 0.3% advance.

The increase in the cost of living over the past 12 months edged up to 1.8% from 1.7%, but it™s still well below last year™s peak of nearly 3%.

Another closely watched measure of inflation that strips out food and energy advanced 0.2% last month. The yearly increase in the so-called core rate slipped to 2.3% from 2.4%.

Source : Market Watch

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