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U.S. consumer inflation eased to 7.7% over past 12 months

By PAUL WISEMAN, AP Economics Writer
Published: November 10, 2022, 7:27am
4 Photos
File - A used 2020 Jeep is on display on a lot in Pittsburgh, Thursday, Sept. 29, 2022. Price increases moderated in the United States last month, Thursday, Nov. 10,  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. (AP Photo/Gene J.
File - A used 2020 Jeep is on display on a lot in Pittsburgh, Thursday, Sept. 29, 2022. Price increases moderated in the United States last month, Thursday, Nov. 10, 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. (AP Photo/Gene J. Puskar, File) Photo Gallery

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.

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