US Inflation in October Unchanged, Annual Inflation Rate at 1.7%

Plunging gasoline prices took a big bite out of inflation in October but higher costs for housing, rents, hotel rooms, furniture, food, transportation and medical care kept overall US consumer prices from going negative like expected.

In good news for Americans that many have felt now for four straight months, gas prices dropped sharply as did other energy components like natural gas. On the flip side, prices at the grocery store continue to dent paychecks. Continue reading US Inflation in October Unchanged, Annual Inflation Rate at 1.7%