U.S. Inflation Rose 0.3% In October, Highest Since January

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.

Read my full analysis on SeekingAlpha.com

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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