U.S. October CPI Shows Steady Inflation as Annual Rate Hits 2.6%
13.11.2024 15:34 1 min. read Kosta Gushterov
The U.S. CPI data for October has been released, showing steady inflationary trends in both the annual and monthly figures.
The latest U.S. Consumer Price Index (CPI) data reveals a modest increase in inflation, aligning with market expectations. The annual CPI for October was announced at 2.6%, matching both forecasts and the previous month’s figure of 2.4%. This reflects a slight uptick in consumer prices over the past year, indicating a stable inflationary environment.
On a monthly basis, the CPI rose by 0.2%, in line with expectations and consistent with September’s performance. Core CPI, which excludes volatile food and energy prices, also remained steady.
The annual Core CPI stood at 3.3%, unchanged from both the previous month and analysts’ predictions. Monthly, Core CPI saw a 0.3% increase, mirroring last month’s result.
These figures suggest that inflationary pressures are holding steady, with minimal fluctuations from prior periods. The CPI and Core CPI data are crucial for understanding consumer spending trends and the overall economic health, as they help guide decisions on monetary policy and consumer behavior.
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