US inflation cools down in October

By Agence France-Presse

Nov 12, 2022 12:06 am

WASHINGTON, D.C.: US consumer prices cooled in October but remained at decades-high levels, according to government data released on Thursday (Friday in Manila), keeping the pressure on President Joe Biden as his Democratic party struggles to retain control of Congress.

The closely watched report showed more evidence of rising costs, including a rebound in gasoline prices, in a year when surging inflation was at the top of voter concerns, and as Americans headed to the polls in this week's midterm elections.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

IMF, World Bank chiefs vow to work with Trump

Japan's wholesale inflation jumps in Oct

Trump could spur big bank deals

Boeing post-strike recovery to take weeks

Global EV sales up 35% in October

7-Eleven owner considers going private

VW, Rivian eye 2026 release for products from joint venture