U.S. Fed's closely watched inflation measure rises 3 pct in October

WASHINGTON, Nov. 30 (Xinhua) -- The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 3.0 percent in October, as inflation cools amid high interest rates, the Commerce Department reported on Thursday.

The latest figure came after the measure in June slowed to 3.2 percent year on year from 4 percent in May, before accelerating to 3.4 percent in July, August and September, which indicated continued inflation pressures.