News Column

US Inflation Slows as Energy Costs Retreat

Nov. 15, 2012
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Consumer prices rose 0.1 per cent in October, a considerable slowdown from inflation in September, according to a report issued Thursday by the federal Bureau of Labour Statistics.

In September, prices rose 0.6 per cent. October's slow-down reflected falling prices for fuel, vehicles and recreation, the report said.

But so-called core inflation, which excludes the volatile prices for energy and food, showed an increase of 0.2 per cent from September, reflecting a rise in the cost of housing, clothing and airline fares. September's core inflation was 0.1 per cent.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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