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Prices in October remained stable as inflation slowed further in the United States. Consumer price index, a measure of inflation, grew just 1.1 percent year-over-year in October, unchanged from the previous month and well below the Fed’s 2 percent target. The core figure, which strips out volatile components such as food and energy, grew 1.7 percent from October 2018, also unchanged from September. Core prices have now been growing at or below 2 percent since last year, indicating that deflationary forces are at play in the U.S. economy. This low inflation environment has helped to keep prices stable despite rising wages, which have driven up demand. The relative stability of consumer prices throughout October is a positive sign of economic strength and will likely keep the Fed from cutting interest rates further this year.