Food, Gas Prices Push October CPI Higher
Food and energy prices drove the consumer price index higher for October, likely keeping the Federal Reserve on track to raise interest rates next month. Grocery, gasoline and electricity prices all rose. Tiffany Wilding, Pimco economist, says higher energy prices are causing companies to pass along the costs to consumers. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
