US Inflation Rises to 2.6% in October

Inflation in the U.S. rose slightly in October to 2.6% annually, driven by higher rents, used cars, and airfares, marking the first increase in seven months. Core prices remained stable at a 3.3% annual increase, which continues to exceed the Federal Reserve's 2% target. This uptick in inflation is contributing to a souring public perception of the economy, particularly affecting the Biden-Harris administration, and potentially influencing the Federal Reserve's interest rate decisions. Meanwhile, tax revenues in Argentina have shown a mixed performance, with a slight decrease in October collections, despite temporary measures aiding in recovery. Food inflation has slowed in Argentina, although volatility remains due to climatic factors affecting staples. In the U.S., consumers are adjusting their spending habits amid persistent price increases, particularly in essential goods, despite a general slowdown in inflation rates.