- Analytics
- News and Tools
- Market News
- U.S. consumer prices up 0.4 percent in October
U.S. consumer prices up 0.4 percent in October
The Labor
Department announced on Wednesday the U.S. consumer price index (CPI) rose 0.4
percent m-o-m in October, after being unchanged in the previous month. That was
the highest monthly inflation since March.
Over the last
12 months, the CPI rose 1.8 percent y-o-y last month, following a 1.7 percent
m-o-m gain in the 12 months through September.
Economists had
forecast the CPI to increase 0.3 percent m-o-m and 1.7 percent y-o-y in the
12-month period.
According to the report, the energy index climbed 2.7 percent m-o-m in October after recent monthly declines and accounted for more than half of the increase in the seasonally adjusted all items index; the gains in the indexes for medical care (+1.0 percent m-o-m), for recreation (+0.7 percent m-o-m), and for food (+0.2 percent m-o-m) also contributed.
Meanwhile, the
core CPI excluding volatile food and fuel costs advanced 0.2 percent m-o-m in October,
following a 0.1 percent m-o-m gain in the previous month.
In the 12
months through October, the core CPI rose 2.3 percent, decelerating from +2.4
percent in the 12 months ending September.
Economists had
forecast the core CPI to rise 0.2 percent m-o-m and 2.4 percent y-o-y last
month.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
