• U.S. consumer price inflation rises 0.2% in October

Market news

17 November 2015

U.S. consumer price inflation rises 0.2% in October

The U.S. Labor Department released consumer price inflation data on Tuesday. The U.S. consumer price inflation rise 0.2% in October, in line with expectations, after a 0.2% fall in September.

The increase was partly driven by higher shelter and medical care costs. Shelter costs climbed 0.3% in October, while medical care costs rose 0.8%.

Gasoline prices were up 0.4% in October.

Food prices increased 0.1% in October.

On a yearly basis, the U.S. consumer price index increased to 0.2% in October from 0.0% in September, beating expectations for a rise to 0.1%.

The U.S. consumer price inflation excluding food and energy gained 0.2% in October, in line with expectations, after a 0.2% increase in September.

On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged at 1.9% in October, in line with expectations.

The inflation remains low due to a weak wage growth and a stronger U.S. dollar.

The consumer price index is not preferred Fed's inflation measure.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.