US: Consumer price index rises 0.4% in October, up 1.6% YoY

Ani Salama FXStreet

US Consumer Price Index increased 0.4% in October on a seasonally adjusted basis, the US Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.6%. Expectations were for a 0.3% increase MoM and 1.6% YoY.

“As in September, increases in the shelter and gasoline indexes were the main causes of the rise in the all items index,” the Bureau of Labor Statistics said. “The gasoline index rose 7.0 percent in October and accounted for more than half of the increase in the all items index. The shelter index increased 0.4 percent for the second straight month.”

When excluding volatile categories, such as food and energy, the index rose 0.1% for the second straight month (0.2% expected) and 2.1% YoY, also below the 2.2% forecasted by analysts.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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