- Both all-items and core inflation came in at 0.0% for the month, less than the consensus forecasts.
- The BLS called the report “mixed,” reflecting large variances in price increases or decreases across the economy.
- For holders of TIPS and I Bonds, non-seasonally adjusted inflation was also very close to zero, at 0.04% for the month.
Despite predictions for a moderate increase, U.S. inflation fell flat in October as deflation set in across several sectors of the economy.
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally-adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all-items index increased 1.2%. Both of those numbers fell below the consensus estimates of 0.2% for the month and 1.3% for the year.