A customer shops for meat at a Safeway store in San Francisco, Calif., on Oct. 4, 2021. (Justin Sullivan/Getty Images) With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago.
The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years.
The agency’s […]
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