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Prices flat in October

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Prices flat in October

Decreasing gasoline prices offset increase in shelter costs.

The personal consumption price index remained flat in October on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics. This follows a 0.1% increase in September.

Analysts had expected a decrease of 0.1%. 

Over the last 12 months, the index has increased 1.7%.

The index for all items less food and energy, known as “core” CPI, rose 0.2% in October, increasing 0.1% in September.

Core CPI has increased 1.8% over the last 12 months. 

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