US inflation -- set to be a key issue for incoming president Donald Trump -- accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world's largest economy. Personal income rose 0.6 percent month-on-month, an acceleration from September, when it rose by 0.3 percent.

US inflation -- set to be a key issue for incoming president Donald Trump -- accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world's largest economy. Personal income rose 0.6 percent month-on-month, an acceleration from September, when it rose by 0.3 percent.

The core PCE inflation measure is half of its 2022 peak, but it’s higher than it ever was from 1994 to 2020 as price increases continue to plague consumers.