Inflation slipped in October for the first time in months as falling gasoline prices pulled down overall consumer prices.

The Labor Department reported Wednesday morning that the Consumer Price Index fell 0.1 percent in October, the first decline since April.

Recommended Stories

The week ahead in economics: Bitcoin, Ben Bernanke and housing

Federal Reserve scales back quantitative easing program by $10 billion

Federal Reserve continues tapering, cuts bond purchases to $45 billion a month in expected move