• Inflation rises sharply in October, prompting more fears of a price-growth crisis

    13 days ago - By Business Insider

    A woman wearing a face mask loads groceries into her car after shopping at a Zupan's grocery store in Portland, Ore. AP Photo/Gillian Flaccus
    PCE inflation - for personal consumption - rose 0.6% in October, a big jump but short of economists' forecasts.
    It shows inflation holding at elevated levels as supply bottlenecks and soaring energy costs plagued the economy.
    October inflation data dragged on Americans' confidence in the economy, with sentiment sitting at decade lows.
    Prices in the US kept surging in October, dashing hopes for weaker inflation and raising new worries around the...
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