U.S. inflation continued to push prices up in October, with prices rising at the fastest monthly rate since April.
The consumer price index rose 0.2 percent in October, matching the prior month, the Department of Labor said Wednesday. Before rounding, prices were up 0.244 percent, the first time since April the unrounded figure has risen above two percent.
This was the third consecutive month of prices rising 0.2 percent on a month-to-month basis. On a year-over-year basis, inflation picked up from the 2.4 percent rate recorded in September to 2.6 percent.
Core prices, which exclude food and energy, rose 0.3 percent and were up 3.3 percent from a year earlier.
Housing prices rose 0.4 percent, accounting for over half of the overall increase. The food increase climbed 0.2 percent, with groceries rising 0.1 percent and dining-out prices rising 0.2 percent.
The increases matched…
