The U.S. inflation rate stood last October at 7.7 percent, half a percentage point below the rise in prices in September, thus chaining four months of moderation, to record the least intense increase since last January, according to data released Thursday by the Bureau of Labor Statistics of the Department of Labor of the country.
The rise in energy costs moderated in October to 17.6 percent year-over-year from 19.8 percent the previous month. At the same time, food prices rose 10.9 percent year-on-year, three-tenths of a percent less than in September.
Thus, core inflation in the United States, which is the result of excluding food and energy prices from the calculation, stood at 6.3 percent in October, compared to 6.6 percent in September.
At its meeting last week, the U.S. Federal Reserve (Fed) decided to unanimously approve a fourth consecutive increase in the country’s interest rates by 75 basis points, to a target range of between 3.75 percent and four percent, the highest rate since January 2008.
