Inflation fell to 3.2% in October in positive sign for economy

By Zach Halaschak

Published November 14, 2023 1:33pm ET

Inflation fell to 3.2% in October in positive sign for economy — A shopper peruses cheese offerings at a Target store Wednesday, Oct. 4, 2023. | (David Zalubowski/AP)

Inflation dropped half a percentage point to 3.2% for the year ending in October, thanks in large part to falling gas prices, a welcome development as the Federal Reserve works to contain price increases.

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