September Inflation Cools but Remains Sticky ...Middle East

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It’s a mixed bag of consumer price data, with the annual inflation rate continuing to cool in September, reaching its lowest level in three years, though the report was slightly hotter than expected.The Labor Department reported on Thursday the consumer price index (CPI) — a broad measure of the cost of everyday items — rose by 0.2% in September from the previous month and was up 2.4% from a year ago. Economists predicted that inflation would slow to 2.3% annually and rise 0.1% month-to-month.Core prices, which exclude more volatile categories such as gasoline and food, increased by 0.3% on a monthly basis and 3.3% compared to a year ago — slightly above the economists' forecast of 0.2% and

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