Consumer prices climbed 0.2% in the 12 months ended in October after being little changed in the year through September. The actual figure beat the estimated rise to 0.1% from September’s 0.1%. The CPI m/m matched estimates to print at 0.2%.
Energy costs increased 0.3% in October, the first gain in three months, after dropping 4.7% a month earlier, the report showed. Food costs increased 0.1%, the smallest advance since May.
The core CPI m/m rose 0.2%, in line with the estimates. The annualised core CPI matched estimates to stay unchanged at 1.9%.
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