US Inflation rate 14/11/2023

The annual inflation rate slowed to 3.2% in October from 3.7% in September and August. Energy costs dropped by 4.5%, with significant declines in gasoline, utility gas service, and fuel oil. Prices increased for food, shelter, and new vehicles. The annual core consumer price inflation rate edged down to an over two-year low of 4% in October, from 4.1% in the prior month.