US inflation remains steady in third month with core CPI up 0.3%

US inflation remained steady in October, underscoring ongoing risks Federal Reserve officials face in trying to bring price pressures completely under control.

The so-called nuclear The consumer price index – which excludes food and energy costs – rose 0.3% for a third month, figures from the Bureau of Labor Statistics showed on Wednesday. Over the past three months, it rose at an annual rate of 3.6%, the fastest pace since April, according to Bloomberg calculations.