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Annual Inflation Retreats in October

Newsican Admin by Newsican Admin
November 11, 2022
in World News
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Annual Inflation Retreats in October
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The Bureau of Labor Statistics reported that Annual Inflation for October 2022,  fell from 8.20% to 7.75%

Month-to-month inflation at 0.41% was nonetheless very excessive for a month within the fourth quarter, which is historically destructive or no less than very near zero.
However though excessive, October 2022 month-to-month inflation was nonetheless decrease than in October 2021. So…
Annual inflation for the 12 months ending in October 2022 fell to 7.75%.
This was down from 8.20% in September 2022.

Inflation Abstract:

  • Annual Inflation…



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