In October 2024, the annual inflation rate in the US rose to 2.6%, up from 2.4% in September, which had been the lowest rate since February 2021. This increase, aligning with market expectations, marked the first rise in inflation after seven months of steady or declining rates.
The annual core CPI, which omits volatile items like food and energy, remained steady at 3.3%. This rate, matching a three-month high, was consistent with both the previo...