U.S. Inflation Rose 0.4% In October, Higher Than Expected

Summary

  • The October inflation report was a mixed bag, with core inflation coming in slightly lower than expected.
  • Increases in energy prices accounted for more than half the overall increase in inflation.
  • Food prices also are rising. Have you noticed?

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, “headline” inflation increased 1.8%.

Read my full analysis on SeekingAlpha.com

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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