U.S. Consumer Prices Unchanged, but Underlying Inflation Picking up
U.S. consumer prices were unexpectedly flat in October, but there are signs that underlying inflation pressures are starting to push higher. The Labor Department said on Thursday falling gasoline prices, which offset rising shelter and medical costs, had restrained its Consumer Price Index last month. The CPI had gained 0.1 percent in September and economists polled by Reuters had it slipping 0.1 percent last month.
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