US consumer price inflation slowed in October.
The US Department of Labor reported that the consumer price index (CPI) rose 0.4% last month.
Notably, it increased by 7.7% over the same period last year.It is the first time in nearly 8 months that the annual CPI has risen below the 8% line and the increase is the most low since January.
In early June, the annual CPI peaked at 9.1%.
Meanwhile, initial jobless claims in the United States rose 7,000 last week to 225,000.
On this day (10th) the value of the US dollar fell and the stock market started the market with a strong rally.
The New York Dow Jones and S&P 500 indices closed more than 3.7% (1,201 points) and 5.5% higher, respectively, the largest daily gains since 2020. The technology-focused Nasdaq rose more than 7%. %.
VOA News
* This article refers to Reuters and the Associated Press.
