Washington: The Labor Department reported that US inflation remained high in October, despite months of supply chain disruptions, rising to its highest level in three decades.
According to the latest report released by the Department's Bureau of Labor Statistics, the consumer price index (CPI) rose 0.9 percent in October after rising 0.4 percent in September. The index increased 6.2 percent in the 12 months ending in October, up from 5.4 percent in the 12-month period ending in September, according to the bureau. It's the biggest jump in a year since the period ending in November 1990.
The so-called core consumer price index, which excludes the volatile food and energy components, rose 0.6 percent in October after rising 0.2 percent in September. According to the report, the core CPI increased by 4.6 percent in the 12 months ending in October, the largest 12-month increase since August 1991. Over the last 12 months, the energy index has risen by 30.0 percent, while the food index has risen by 5.3 percent.
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