Inflation dropped to zero in October!
According to the Bureau of Labor Statistics, the seasonally adjusted consumer price index (CPI) rose by zero percent in October, a significant drop from previous months. Inflation over the last 12 months was 3.2%, a drop from last month’s 3.7% and less than half of last year's level.
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Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 11/17/23)
