Key Points
  • The consumer price index rose by 2.6% in October 2024 versus a year earlier, the Bureau of Labor Statistics said. That’s up from 2.4% in September.
  • Gasoline prices declined and grocery inflation remains low. But CPI housing inflation remains stubbornly high. Other categories, such as auto insurance, remain elevated.
  • Some of President-elect Donald Trump’s policies are likely to be inflationary, if enacted, economists said.
I think that Trump has a great challenge in all areas when he takes over the new presidency, both economic, social and political. Being able to recover the dollar as a hegemonic currency is one of the great challenges that must be faced so that the economy can continue to move forward.
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