The consumer price index for October showed inflation at a 3.2% level, while the producer price index came in with an annual rate of 1.3%.
Perhaps the most interesting and relevant facts about inflation are that the overall number means little to the average person.
“Although the overall consumer price level was flat in October, shelter inflation continued,” said Danielle Hale, chief economist for Realtor.com.
Overall inflation among select urban areas was highest in the Miami to West Palm Beach corridor, up by 7.4% in October.
Their inflation rate was 1.1%.
Persons:
Jerome Powell, Richard McPhail, Doug McMillon, McMillon, ”, Kayla Bruun, Joe Biden, PublicSquare, Tony Welch, Danielle Hale, Shawn Ashworth, Ashworth, Maxx, Jeff Bezos
Organizations:
Federal, Walmart, New York Jets, Realtor.com, Berkeley Research, Goods, Auto
Locations:
U.S, ”, Florida, Miami, West Palm, Anchorage , Alaska