U.S. consumer inflation eased to 7.7% over past 12 months
By PAUL WISEMAN, AP Economics Writer
Published: November 10, 2022, 7:27am
Share:
WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.
Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the government said Thursday.
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.