US Fed’s favored inflation gauge ticks up in October

US Fed’s favored inflation gauge ticks up in October …C0NTINUE READING HERE >>>

Health care was responsible for the largest increase in the services index last month.
Photo: David Ryder / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
Source: AFP

US inflation — set to be a key issue for incoming president Donald Trump — accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world’s largest economy.

The personal consumption expenditures (PCE) price index rose 2.3 percent in the 12 months to October, up from…

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