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Here’s the inflation breakdown for October 2022 — in one chart

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People shop for bread at a supermarket in Monterey Park, California on Oct. 19, 2022.

Frederic J. Brown | Afp | Getty Images

Inflation was cooler than expected in October, although household staples like shelter, food and energy remained among the largest contributors to consumer prices still rising at a historically fast pace, the U.S. Bureau of Labor Statistics said Thursday.

Inflation measures how quickly the prices consumers pay for a broad range of goods and services are rising.

The consumer price index, a key inflation barometer, jumped by 7.7% in October relative to a year earlier — the smallest 12-month increase since January 2022. Economists expected a 7.9% annual increase,…



Source cnbc.com

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