Stop inflation in October

Stop inflation in October
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Inflation subsided in October in the country, after several months of rebound, good news for Joe Biden's government, one year before the presidential election, for the Federal Reserve and for the markets.

The Consumer Price Index (CPI) increased 3.2% in the 12 months ended in October, half a percentage point less than the year-on-year inflation recorded in September (3.7%), the Department of Labor reported in a statement.

Inflation remained unchanged in the month-to-month comparison in October compared to September, although a sharp monthly drop in energy prices was recorded.

Although the reduction in the price of gasoline was mainly responsible for the moderation in consumer prices, the fall was partially offset by a continued increase in housing, the Department of Labor said.

Price drops for hotel accommodation, car rentals and plane tickets were also recorded. On the other hand, food, housing, car insurance and health care rose.

Core inflation, which excludes volatile prices such as food and energy, also had a sharp decline, to its lowest level in two years, 4% in 12 months, and 0.2% in one month compared to 0.3% in September .

Prices had soared after the pandemic in the United States, as in the rest of the world, to reach a 40-year high in June of last year, at 9.1%.

A year later it was already at 3%. But driven by housing and gasoline, inflation rose again during the summer.

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Nathan Rivera
Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.

My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.

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Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.

At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.