Investing.com - U.S. consumer prices increased in October after two straight months of declines as the cost of gasoline and a range of other goods rose.
The Commerce Department said the consumer price index rose 0.2% last month, in line with economists' forecasts.
Consumer prices rose 0.2% from a month earlier, ahead of expectations for a 0.1% increase.
The modest uptick in inflation could offer more support to expectations that the Federal Reserve will hike interest rates next month.