Skip to content

October 2022 Inflation

October Inflation

The economy is slowing, there are possibilities of a recession on the horizon. And it looks like Inflation is finally cooling.

Two main measures of inflation are showing how price gains are slowing down, Hope writes.

  • New today: The Fed’s preferred measure, the Personal Consumption Expenditures index, rose 0.3% in October, the same rate as in August and September.
  • It was 0.2% when volatile energy and food costs are removed, down from 0.5% in the last two months.
  • Meanwhile, the Consumer Price Index published a few weeks ago showed a sharp deceleration in monthly core inflation, from 0.6% in September to 0.3% in October.
Axios Closer By Hope King and Nathan Bomey · Dec 01, 2022