– this post authored by Felix Richter
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, meaning that a pre-defined basket of goods and services became 0.4 percent more expensive compared to the preceding month. That’s according to data released by the U.S. Bureau of Labor Statistics on Wednesday, which shows that consumer prices for urban consumers have risen 1.8 percent over the past 12 months.
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