Consumer prices in US rise for fourth straight month
The Straits Times|November 14, 2024
Experts forecast higher inflation in 2025 if Trump forges ahead with his policies

US consumer prices increased as expected in October, and progress towards low inflation has slowed since the middle of the year, which could result in fewer interest rate cuts from the Federal Reserve in 2025.

The consumer price index (CPI) rose 0.2 per cent for the fourth straight month, the Labour Department's Bureau of Labour Statistics said on Nov 13.

In the 12 months through October, the CPI advanced 2.6 per cent after climbing 2.4 per cent in September.

Economists polled by Reuters had forecast the CPI gaining 0.2 per cent and increasing 2.6 per cent year on year.

The up-tick in annual inflation also reflects 2023's low reading dropping out of the calculation.

This story is from the November 14, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 14, 2024 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STRAITS TIMESView All
Star producer of NewJeans quits after legal spat with BTS agency
The Straits Times

Star producer of NewJeans quits after legal spat with BTS agency

The South Korean super-producer behind the chart-topping girl group NewJeans resigned from her label on Nov 20, following a protracted legal battle with Hybe that has rocked the country's K-pop industry.

time-read
2 mins  |
November 22, 2024
One Direction stars attend Liam Payne's funeral in UK
The Straits Times

One Direction stars attend Liam Payne's funeral in UK

Family and friends of One Direction star Liam Payne, who died in October after falling from a Buenos Aires hotel room, gathered for his funeral in Britain on Nov 20.

time-read
2 mins  |
November 22, 2024
Composer A.R. Rahman and wife separate after 29 years of marriage
The Straits Times

Composer A.R. Rahman and wife separate after 29 years of marriage

Oscar-winning composer A.R. Rahman and his wife, Saira, have announced their decision to part ways after nearly 30 years of marriage.

time-read
1 min  |
November 22, 2024
Audemars Piguet joins hands with Kaws for groovy new drop
The Straits Times

Audemars Piguet joins hands with Kaws for groovy new drop

Audemars Piguet has teamed up with contemporary American artist Brian Donnelly - better known by his pseudonym Kaws - to create the Royal Oak Concept Tourbillon Companion, a 43mm titanium horological knockout which groovily fuses high watchmaking and pop art.

time-read
1 min  |
November 22, 2024
LOCAL DESIGNERS GET WICKED
The Straits Times

LOCAL DESIGNERS GET WICKED

Singapore fashion designers have created clothes and accessories in a Wicked collaboration between Design Orchard and NBCUniversal

time-read
6 mins  |
November 22, 2024
Captain America excited to flaunt new powers
The Straits Times

Captain America excited to flaunt new powers

No serum? No problem. New Captain America Anthony Mackie goes on a different flight path in upcoming movie

time-read
2 mins  |
November 22, 2024
SBA RESHUFFLE NETS KIM
The Straits Times

SBA RESHUFFLE NETS KIM

S. Korea's ex-Asiad champ will become Singapore women's singles head coach

time-read
2 mins  |
November 22, 2024
Yeo targets top-l O spot after maiden win over Sindhu
The Straits Times

Yeo targets top-l O spot after maiden win over Sindhu

As far as giants go, they do not come taller in the badminton women's singles circuit than India's 1.79m P. V. Sindhu, who has a 2019 world title and an Olympic silver (Rio 2016) and bronze (Tokyo 2020) to match her stature.

time-read
3 mins  |
November 22, 2024
Hearing-impaired Audelle, 10, is rising chess star
The Straits Times

Hearing-impaired Audelle, 10, is rising chess star

It was only when Audelle Sim was six years old that her parents found out that she has a hearing impairment.

time-read
3 mins  |
November 22, 2024
The Straits Times

THE BEST OF CHESS AND MORE

S,pore world c'ship's side events include fan zones with grandmasters and exhibitions

time-read
2 mins  |
November 22, 2024