Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the economy. Prices either fell or rose more slowly across a broad range of goods and services, including gas, cars, hotel rooms, and housing. Overall inflation was unchanged from September to October, down from the 0.4% jump. Consumer prices rose 3.2% in October compared to 12 months ago, the smallest year-over-year increase since June.
Core prices, excluding food and energy, also slowed, rising just 0.2% from September to October
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