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US prices steady in October

Shoppers outside a Walmart store in Rosemead, California on January 29, 2014US consumer prices were unchanged in October from September, holding the annual inflation rate at a modest 1.7 percent, the Labor Department reported Thursday. The ongoing fall in energy prices, especially gasoline and fuel oil, held the headline number down against gains in the costs of services. Food prices meanwhile were up just 0.1 percent. When the two volatile components of the consumer price index, food and energy, are stripped out, core prices were up 0.2 percent in the month, and 1.8 percent year-on-year.

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