Business

Inflation stalled in October

By Jay Heflin

Published November 12, 2020 1:43pm ET

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Inflation stalled in October — Shoppers walk past an H&M location, Wednesday, Dec. 26, 2012, in New York. This holiday season is shaping up to be the weakest since the country was in the middle of a deep recession in 2008. That not only shows that stores misread Americans' willingness to spend during this period of economic uncertainty. It also could indicate that the days of throngs of shoppers spending thousands of dollars willy nilly on holiday gifts may be long gone. (AP Photo/Frank Franklin II) | Frank Franklin II

Consumer prices were unchanged in October from September, the Labor Department reported Thursday, as demand has cooled for products and services.

Consumer prices rose 0.2% in September after increasing 0.4% in August and 0.6% in July and June.

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COVID-19 Inflation United States