What is inflation and what is the latest US rate?

EVEN though inflation is seemingly slowing down, Americans are still facing high prices in some major sectors. A bit of good news, though, as the inflation rate went down to 7.7 percent in October. 1 The US inflation rate is 7.7 percent It’s tempered, though, with the fact that the Consumer Price Index (CPI) rose by 0.4 percent in October. The CPI reported that over the last 12 months, the all-items index increased 7.7 percent before seasonal adjustment. Shelter, gasoline, and food have contributed to some of the highest areas in price increases. In September, the US Bureau of Labor… Read Full Article