Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday.
The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The monthly increase was below the 0.3% Dow Jones estimate, while the annual gain was in line.
The gains also represent a deceleration from September, which saw a monthly increase of 0.5% and an annual gain of 5.2%.
Including food and energy, headline PCE was up 0.3% on the month and 6% on an annual basis. The monthly increase was the same as…