The Bureau of Labor Statistics reported that year-over-year inflation continued to rise, marking the thirty-second consecutive month of inflation exceeding the Federal Reserve’s two-percent target. In October, the Consumer Price Index (CPI) increased by 3.2% compared to the same month last year, the slowest pace since July. On a month-over-month basis, the CPI saw a negligible change, rising only 0.04% from September to October, essentially registering zero percent growth. This data indicates ongoing inflationary pressure in the U.S. economy.
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