US Inflation marched along slowly in October 2010 as Americans paid less for cars, trucks, clothing, tobacco, and natural gas, according to the latest consumer prices data released by the government on Wednesday.
Prices did rise modestly in October, however, thanks in large part to higher energy costs. But excluding those costs, the annual core US inflation rate increased by the smallest level since the government started tracking the data.
The Consumer Price Index (CPI), the most closely watched indicator of US inflation, edged up 0.2 percent in October after an increase of 0.1 percent in September, the Labor Department said. Continue reading US Inflation Remains Tame, October 2010 Consumer Prices Rise 0.2%