By: Anchiy Getty
Key Takeaways Inflation was 2.3% in October, according to the Federal Reserve’s preferred Personal Consumption Expenditures (PCE) rate released this morning. Consumer Price Index (CPI) data showed that inflation in October was 2.6%. Both rates are indicators of how much more expensive items are since one year ago. With the holiday season comes increased spending, and this year, popular gifts may be more expensive.