Summary
- While 0.4% looks high, core inflation remained in the moderate zone, just above 2.0% over the last 12 months.
- Energy costs, along with shelter costs, accounted for most of the October increase.
- There is nothing in today’s report that should cause the Federal Reserve to delay an interest rate increase in December.
Read my full analysis at SeekingAlpha.com
Also, I have updated my Inflation and I Bonds page with these new numbers.
And here are the new TIPS inflation indexes for December.
Treasury Inflation-Protected Securities 
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