NJ Spotlight News

Latest consumer price index hints at cooling inflation

Clip: 11/10/2022 | 4m 30s | Video has closed captioning.

The latest inflation report, released Thursday, showed consumer prices starting to slow down. They increased at a pace of 7.7% in October. While that's still a record high, it's down from the 8.2% inflation rate in September. Economists say it's a sign that the inflation plaguing the U.S. economy could be cooling off after reaching its highest point in 40 years over the summer.

Aired: 11/10/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.