Consumer Price Index: prices up 7.7% in October

The Federal Reserve hasn’t tamed inflation yet, but some analysts say things are improving.

CNN— The Federal Reserve hasn’t tamed inflation yet, but some analysts say things are improving.

Americans paid 7.7% more for items during the 12 month period that ended in October, according to the Consumer Price Index report released today.

The consumer price index dropped slightly from 8.2% in September and some economic officials say this shows inflation is moving in the right direction.

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