Summary
- Higher gasoline prices accounted for more than one-third of the increase in headline inflation, the BLS reported.
- But crude oil prices began declining in October, which should be reflected in near-term gasoline prices.
- Both headline and core inflation matched expectations, so there should be little market disruption from Wednesday’s report.
Yes, the purchase limit is not affected by an I Bond redemption. It remains $10,000 per person per year.