Inflation in October up 7.7% from previous year
Wall Street projected a 7.9% annualized increase.
Updated: November 10, 2022 - 8:52am
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The consumer price index for October increased 7.7% from the previous year and increased 0.4% from September, the federal government said Thursday.
The figures come from the Bureau of Labor Statistics.
The CPI is a broad-based measure of goods and services costs.
Wall Street projected a 7.9% increase, compared to October 2021, and a 0.6% increase from September to October.
The year-over-year increase was the smallest since January.