With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago. The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years. The agency’s report (pdf), released Nov. 10, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars. Seasonally adjusted figures are only available for the month-over-month comparison, while seasonally unadjusted data is available in both over-the-year and over-the-month formats. Gasoline: 49.6 percent year-over-year and 3.7 percent month-over-month seasonally unadjusted; 6.1 percent month-over-month, seasonally adjusted Fuel oil: 59.1 percent year-over-year and 12.3 …
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