US inflation gauge ticks higher with price pressures still stubborn ...Middle East

WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. That is up from just 2.1% in September, though it is still only modestly above the Fed’s 2% target. Yet excluding the volatile food and energy categories, so-called “core” prices also picked up, climbing 2.8% last month from a year earlier, up from 2.7% in September. Economists closely watch core prices because they typically provide a better read on where inflation is headed. Inflat

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US inflation gauge ticks higher with price pressures still stubborn ...Middle East

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