Inflation progress stalls in US in October

Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall.Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. That marked a slight uptick from 2.4% the month before, as housing and food costs marched higher. The latest figures added to speculation that the US central bank might not lower rates as much as had been expected in the months…