US consumer prices continue to soar ...News

Russia Today - Economy
US consumer prices continue to soar
source : Russia Today ( News ) () 41
Small progress is seen in the slowing pace of inflation, which rose again last month, data shows Consumer prices in the US surged once again in October, rising at the fastest annual pace since the 1980s, as inflation continues to expand across more sectors of the economy. Ahead of the Consumer Price Index (CPI) report to be published by the Bureau of Labor Statistics, analysts expect the October CPI to rise 0.6% from September, up 0.4% from last month’s figure. The annual pace, however, is projected to slow to 7.9% from 8.2%, and a reported 40-year high of 9.1% in June. It would be the first time the yearly rate h

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