WASHINGTON: The annual consumer inflation rate in the US increased to 2.6% in October, aligning with market expectations, as revealed by official data released on Wednesday. This marks the seventh consecutive month of rising inflation, up from 2.4% in September, which was the lowest rate since February 2021. According to Anadolu Agency, the decline in energy prices slowed in October, recording a decrease of 4.9% compared to a 6.8% fall in the previous month. In contrast, the cost of food rose at a slower pace last month, increasing by 2.1% year-on-year compared to September's 2.3%. Core inflation, excluding the more volatile food and energy prices, remained stable at 3.3% in September. On a monthly basis, the consumer prices index saw a rise of 0.2% in October, consistent with the preceding three months and in line with forecasts. Monthly core inflation was also steady at 0.3%.