WASHINGTON (AP) — Consumer prices edged up slightly faster than expected in October, driven higher by another increase in energy prices and the biggest jump in new car prices in 28 years.
Still, prices are lower than they were a year ago and inflation is expected to remain subdued as the economy struggles to emerge from a deep recession.
The Labor Department said Wednesday that consumer prices rose 0.3 percent in October, a bit more than the 0.2 percent economists had expected. Core inflation, which excludes energy and food, rose 0.2 percent, compared to analysts' expectation for a 0.1 percent rise in core prices.
Secret Service Boss: 'I Apologize'
Giant Bull Head Draws Drivers to South Dakota
Astrodome Fades As Houston Decides Fate
Egyptians Vote in Historic Presidential Election
Franciscan Files Tell Stories of Priest Abuse
Wildfire Destroys 2 Homes
Flight Diverted After Suspicious Note
Joplin Remembers Deadly Tornado, 1 Year Later
Panel Recommends Against Routine Prostate Test
Fired Lingerie Employee Claims Discrimination
Joplin Marches to 'Remember' Tornado Victims
Facebook Shares Continue Negative Slide
Cuba Waiting for Cyber Age to Come
8 Hurt in Oklahoma Shooting After NBA Playoff
Sheriff: DNA Links Suspect to Missing CA Teen
US Airways: Diverted Flight Has 'Landed Safely'
Revived Focus on Regulation After JPMorgan Loss
