U.S. inflation climbs to 2.3%, above Fed's 2% target, showing persistent price pressures.

The U.S. inflation gauge has risen, showing consumer prices up 2.3% in October compared to last year, according to the Commerce Department. This is an increase from September's 2.1%, indicating that inflation pressures are persistent despite efforts to reduce them. The rise is slightly above the Federal Reserve's 2% target but is still considered moderate.

November 27, 2024
73 Articles