Consumer prices rise at fastest pace in 7 months on higher cost of gas, CPI shows

Posted on AllSides November 13th, 2019
From The Center

The numbers: Americans paid higher prices for gasoline, used cars, 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...

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https://www.marketwatch.com/story/consumer-inflation-posts-biggest-increase-in-7-months-on-higher-gasoline-costs-cpi-shows-2019-11-13

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