WASHINGTON (AP) — Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell.
The Labor Department said Wednesday the Consumer Price Index rose by 0.2 percent last month, an increase from September's 0.1 percent rise. Wall Street analysts had expected a slightly larger increase. It was the fourth straight rise.
Gasoline prices accounted for most of the increase, rising by 4.6 percent in October, the biggest gain since July.