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Report Shows U.S. Inflation Remains in Check (for Now)
Monday, November 25, 2013 7:00 AM

Reports released by the Department of Labor show there is very little upward price pressure in the economy, both at the consumer and producer levels.

Consumer inflation decreased -0.1 percent in October on the heels of a -2.9 percent decrease in gasoline prices. Excluding food and energy elements, core inflation increased +0.1 percent.

During the past 12 months, overall consumer inflation has increased +1.0 percent while core inflation has increased +1.7 percent.

Wholesale inflation decreased -0.2 percent, mostly from a -1.5 percent decline in energy prices. Excluding food and energy commodities, core inflation at the producer level increased +0.2 percent in October.

During  the past 12 months, overall wholesale inflation has increased +0.3 percent while core inflation has increased +1.4 percent.