Watch Food, Gas Prices Push October CPI Higher - Bloomberg
· bloomberg.com · popularity 48/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
Food and energy prices drove the consumer price index higher for October, likely keeping the Federal Reserve on track to raise interest rates next month. Grocery, gasoline and electricity prices all rose. Tiffany Wilding, Pimco economist, says higher energy prices are causing companies to pass along the costs to consumers. (Source: Bloomberg)
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