Inflation likely took a breather last month as fuel prices fell
Americans are tired of inflation, as last week’s election results showed, but there may have been some relief last month as gasoline, diesel and jet fuel prices eased.
The consumer price index, which is scheduled for release at 8:30 a.m. ET on Tuesday, is expected to show an increase of 0.3% month-over-month, according to a survey of economists conducted by Bloomberg. Economists also project that so-called core inflation, which does not include food or energy prices, rose 0.2%.
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