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Inflation in U.S. Builds With Biggest Gain in Prices Since 1990

  • CPI jumped 6.2% in October from a year ago in broad advance
  • Core measure of consumer prices increased by most since 1991
Bloomberg business news
U.S. Inflation Builds as CPI Jumps 6.2% From a Year Ago
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U.S. consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.

The consumer price index increased 6.2% from October 2020, according to Labor Department data released Wednesday. The CPI rose 0.9% from September, the largest gain in four months. Both advances exceeded all estimates in a Bloomberg survey of economists.