Eye on in­fla­tion

The Republican Herald - - BUSINESS / SPORTS -

Ris­ing gaso­line prices have helped push in­fla­tion higher, erod­ing the value of Amer­i­cans’ pay­checks.

Yet core prices re­main close to the Fed­eral Re­serve’s tar­get of 2 per­cent and have yet to show signs of rapid ac­cel­er­a­tion. Prices at the con­sumer level rose 2.5 per­cent in Oc­to­ber from a year ear­lier. The La­bor Depart­ment is­sues its snapshot of con­sumer prices in Novem­ber on Wed­nes­day.

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