Inflation pressures bombarding consumers moderated significantly last month as energy prices retreated after hitting record highs in September.
The Labor Department reported that consumer prices edged up just 0.2 percent in October, which was the best showing in four months. In September, consumer prices had soared by 1.2 percent, the biggest one-month increase in 25 years. The slowdown in price pressures reflected a 0.2 percent drop in energy costs.
