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US inflation eases in October but still near decades-high
US inflation eases in October but still near decades-high
Business and Economy
by  AFP

US consumer prices cooled in October but remained at decades-high levels, according to government data released Thursday, keeping the pressure on President Joe Biden's administration as Democrats struggle to retain control of Congress. While headline data "surprised to the downside in October," consumer prices "remain uncomfortably high," said economist Rubeela Farooqi of High Frequency Economics.