INFLATION REACHED 30 YEAR HIGH IN OCTOBER, PRICES UP 6.2%

Key Points:

  • The Consumer Price Index (CPI) increased 0.9% in October after rising 0.4% in September.
  • CPI increased 6.2% from a year ago, the highest reading in 30 years.
  • Prices remained above 5% for the fifth straight month.
  • The core CPI, which excludes food and energy, rose 0.6% in October and is up 4.6% from the previous year.
  • The energy index is up 30.0% and the food index is up 5.3% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source