Inflation in the United States rose to 2.5 percent in October, from 2.3 percent a month earlier. This is shown by figures from the government.
The figure is equal to the median expectations of economists. Core inflation, excluding the fluctuating prices of energy and food, was 2.1 percent on an annual basis, compared to 2.2 percent in September. On a monthly basis, US consumer prices went up by 0.3 percent.
Inflation plays an important role in the interest policy of the Federal Reserve, the American umbrella of central banks.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.