US inflation rose slightly last month after 2 years, but remains low

WASHINGTON, D.C.: In October, U.S. inflation rose slightly, mainly due to increases in rents, used car prices, and airfare, signaling that the steady cooling of price increases may be leveling off.

According to the Labor Department, consumer prices were 2.6 percent higher compared to the same period last year, up from a 2.4 percent increase in September. This marks the first annual rise in inflation in seven mo