US inflation rose to 2.6 per cent in October, as the Federal Reserve debates how quickly to lower interest rates.
Wednesday’s figure from the Bureau of Labor Statistics was in line with economists’ expectations of a 2.6 per cent rise and above September’s 2.4 per cent pace.
Once volatile food and energy prices were stripped out, “core” CPI held steady at 3.3 per cent on an annual basis.
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