U.S. Bureau of Labor Statistics CPI report for November 2024

U.S. Inflation Rises to 2.6% in October, First Rise in Seven Months, According to CPI

Nov 13, 2024, 02:18 PM

U.S. inflation experienced a slight increase in October, marking the first rise in seven months after a prolonged period of cooling. The Consumer Price Index (CPI) registered an annual inflation rate of 2.6%, reversing a trend of declining prices that had persisted for over two years. Despite this uptick, inflation levels remain relatively low, indicating that price increases may be stabilizing. Analysts view this development as a potential sign that the inflationary pressures that have affected the economy could be leveling off.