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11/10/2022

October CPI Rise Half of September Value.

 

The Bureau of Labor Statistics reported Thursday 10th November that the Consumer Price Index (CPI) for October fell from 0.8 percent to 0.4 percent. The figure was lower than the 0.6 percent predicted by economists. Food at home rose 0.4 percent with the category of ‘Meat, Poultry and Eggs’ at 0.6 percent. The decrease in CPI suggests an easing of inflation and may influence the Federal Reserve to depart from an anticipated 0.75 percent rate increase to a lower number at the December meeting of the Federal Open Markets Committee.


































































































































































































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