Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role.
The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday.
Stock futures turned higher, while traders bid up the price of government bonds.
All-important shelter costs rose 0.4% from September to October, accounting for over half the monthly gains, the BLS said.
Over the past four years, consumer prices have cumulatively increased about 20%, with the costs of many other goods and services rising even faster.
Persons:
That's, Joe Biden’s, ” Kathy Jones, Charles Schwab, ”, Donald Trump, Trump, Jerome Powell
Organizations:
of Labor Statistics, BLS, Charles, Charles Schwab Center, Financial Research, ” Voters, White House, Trump, Investors, Adobe, National Retail Federation, Peterson Institute for International Economics, Citi
Locations:
—