Consumer Prices: Up in October
The Consumer Price Index for All Urban Consumers was up 0.3 percent in October, according to a monthly report from the U.S. Labor Department.
The index had fallen 0.2 percent overall in the last twelve months, according to the report.
Philadelphia Federal Reserve Bank president Charles Plosser said last week he was not concerned about inflation in the near-term but said his worries about inflation were in the intermediate to long-term.
The changes reflected gains in indexes for energy and for new and used motor vehicles.
The core Consumer Price Index was up 0.2 percent excluding food and energy prices.
The food index was up 0.1 percent while the energy index was up 1.5 percent for the month.
Figures are not final and will be revised.
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