Inflation cools more than expected in October – By Courtenay Brown (Axios) / Nov 10, 2022
After months of worrying inflation readings, there’s finally some good news: consumer prices cooled in October, and there are encouraging clues they will cool further in the coming months.
Why it matters: The nation’s price pressures are by no means resolved; they remain painfully high. But last month’s moderation is a hopeful sign of easing inflation alongside a still healthy economy.
- What they’re saying: “The October CPI report renews some hope that a soft-ish landing might be achievable,” Evercore ISI’s Krishna Guha wrote in a note.
By the numbers: The Consumer Price Index cooled more than expected in October: it rose 7.7% from a year earlier, down from 8.2% the prior month, the Labor Department said on Thursday.
CONTINUE > https://www.axios.com/2022/11/10/cpi-inflation-october
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