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Consumer prices rise in October

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Consumer prices rise in October

0,2% increase follows two months of declines, meet expectations.

The Consumer Prices Index increased on a seasonally adjusted basis by 0.2% in October, according to the U.S. Bureau of Labor Statistics. This follows a 0.2% decrease in September.

The increase was in line with analysts’ expectations.

Prices over the last twelve months increased by 0.2%.

The index for all items less food and energy, known as “core” CPI, also increased 0.2%, following a similar increase in September.

Core CPI has increased 1.9% over the last 12 months.

The increase in consumer prices may strengthen the case within the Fed for raising interest rates in December, although sluggish growth in the US and global economies may yet forestall such an increase. 

 

 

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