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The U.S. Bureau of Labor Statistics (BLS) reported this morning that the Consumer Price Index (CPI) had increased a seasonally adjusted +0.9% in October after a rise of +0.4% in September, which was notably higher than the 0.6% gain expected. The release showed that the key inflation index had also risen by +6.2% over the last 12 months before seasonal adjustment, showing the highest increase since November of 1990.
...read full article on Benzinga
