U.S. Consumer Prices Jump 6.2% in October, the Biggest Inflation Surge in More Than 30 Years

KEY POINTS The consumer price index surged 6.2% from a year ago in October, the most since December 1990. Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991. Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the […]