Americans paid higher prices for gasoline, medical treatment and recreation in October, but inflation more broadly remained low and fairly stable.
The consumer price index jumped 0.4% in October, with energy accounting for more than half the increase, the government said Wednesday.
Economists polled by MarketWatch had forecast a 0.3% advance.
The increase in the cost of living over the past 12 months edged up to 1.8% from 1.7%, but it’s still well below last year’s peak of nearly 3%.
Another closely watched measure of inflation that strips out food and energy advanced 0.2% last month. The yearly increase in the so-called core rate slipped to 2.3% from 2.4%.
Source : Market Watch