So far, U.S data reflecting inflation levels posted yesterday  will come out later on today; they clearly illustrate that the price incline will continue on being controlled, as a result of the present world's largest economy weaknesses, knowing that the decrease in the CPI and PPI reading is a very solid indicator of inflation, which is associated with current shaky economic conditions.

In fact, yesterday's overall PPI data came in worse than forecasted, having on one hand the PPI for last month coming in at 0.3% from -0.6%; while the index was predicted to climb to 0.5%; whereas the PPI Ex Food & Energy for October plunged deeply and unexpectedly to -0.6% from a prior reading of -0.1%, but for the year ending October it dropped to 0.7%.

Presently, today's overall CPI data is highly forecasted to be mixed; having on one hand the CPI for last month predicted to come incline with the prior reading of 0.2%, whereas the CPI Ex Food & Energy is forecasted to show a decline and come in around 0.1% from a prior reading of 0.2%, which still reflects overall low inflation levels.

Truth be told, we should not forget that yesterday's general decrease in the producer price indexes are large and likely to be followed by a comparable decrease in the Consumer Price Index, a strong relation between the two indexes that will be most probably witnessed throughout today's CPI data, once released.

Moreover, the Federal Reserve Bank’s Chairman, Ben S. Bernanke, expects strongly and believes that inflation will remain passive for some time, where it would not be a threat nowadays, since the overall economy is still fragile and affected deeply by the rising unemployment and tightened credit conditions, which are the major obstacles that the world's largest economy is facing today.

As for the housing sector, which have been healing gradually so far from the ongoing downside pressures of the economical predicament, is highly forecasted to show further enhancement as today's housing starts for last month is predicted to show an incline and come in around 600 thousand from a prior reading of 590 thousand.

Furthermore, the building permits for October are forecasted to show a slight incline, also expected to come in around at 580 thousand from a prior revised reading of 575 thousand; not forgetting that this key sector past crisis was one of the major factors behind today's global downturn.