The Consumer Price Index for October, which measures worth actions of products and providers consumed at dwelling, excluding contemporary meals, which is topic to giant fluctuations because of climate, rose 2.9% from the identical month final yr.
The fee of improve was 0.1 factors increased than 2.8% in September, and remained within the 2% vary for the second consecutive month. “Food excluding contemporary meals” has elevated by 7.6% from the identical month final yr, and continues to stay at a excessive degree.