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30.11 - 17:11
U.S. inflation slows to 3.2% in October
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Investing.com -- Headline inflation in the U.S. slowed by more than expected in October, in a boost for Federal Reserve officials keen on corralling price pressures in the world's largest economy.
The U.S. consumer price index (CPI) rose by 3.2% in October on an annualized basis, decelerating from a rate of 3.7% in September. It was the reading's first decline in three months. Month-on-month, the measure came in at 0.0%, down from 0.4%.
Economists had seen the figures at 3.3% annually and 0.1% from the prior month.
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Read more on investing.comAbout this in other media
Autumn Statement 23: GDP forecasts 'slashed' as inflation expectations climb investmentweek.co.uk /5 months ago
Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress abcnews.go.com /5 months ago
BoE's Bailey: Markets underestimating risk of higher-for-longer inflation investmentweek.co.uk /5 months ago
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