Published on 17 Nov 2023 on Zacks via Yahoo Finance
3 Large-Cap Growth Funds to Buy as Inflation Continues to Cool
Inflation has steadily declined over the past 18 months, thanks to the Federal Reserve’s monetary tightening policy implemented in March 2022. According to the latest report from the Bureau of Labor Statistics, the Consumer Price Index (CPI) remained unchanged month over month in October.
Year over year, CPI rose 3.2% in October, a lot lower than September’s increase of 3.7%. Core CPI, which excludes volatile energy and food prices, climbed 4% in October on a year-over-year basis, while it increased just 0.4% month over month.
The Bureau of Labor Statistics also reported that the Producer Price Index (PPI) rose 0.5% month over month in October, after increasing 0.4% in September. Year over year, PPI increased 1.3% after jumping 2.2% in September.