Tag: US inflation

WASHINGTON: US consumer prices were unchanged in October amid lower gasoline prices, and underlying inflation showed signs of slowing, supporting views that the Federal Reserve was probably done raising interest rates.The unchanged reading in the consumer price index reported by the Labor Department's Bureau of Labor Statistics (BLS) on Tuesday followed a 0.4% rise in September.In the 12 months through October, the CPI climbed 3.2% after rising 3.7% in September.Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year...