Consumer prices continued to rise in October as rents and the cost of food climbed even as gas came down from its recent peak, the government said.
Seasonally adjusted prices got a 0.1% boost in October from the previous month, according to the Labor Department. But the increase was smaller than the 0.6% surges in September and August.
October’s prices were up 2.2% from the year-earlier period.
The cost of food went up 0.2% last month from September, according to the report, with meat, poultry, fish, eggs, fruits and vegetables all experiencing price hikes. Rents gained 0.4%, their largest rise since June 2008.
Americans got a breather, however, as energy prices slumped 0.2%. Gas prices slid 0.6% after soaring 7% in September and 9% in August.