Consumer prices rose at slower rates in October, according to data released Thursday by the Labor Department.

 

The annual inflation rate fell to 7.7 percent in October from 8.2 percent in September, according to the consumer price index (CPI), a closely watched inflation gauge. Economists expected the annual inflation rate to fall to 7.9 percent, according to consensus projections.

 

https://thehill.com/policy/finance/3729055-inflation-fell-to-7-7-percent-annual-increase-in-october/#:~:text=The annual inflation rate fell,percent%2C according to consensus projections.

 

 

It will probably continue to decline now that rents are on the decline. Although that will take a while to significantly show up since rents only go down once the lease has expired. I think rents account for 40% of the CPI.

46 minutes ago, placeholder said:

 

Yes - many of the food items that I buy went up 20 to 50 percent. And food I need every day. Only beer didn't move so much. So I eat less and drink more now