US: CPI for all items increases 0.1% in October as shelter index rises
"The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in October on a seasonally adjusted basis," the U.S. Bureau of Labor Statistics announced on Wednesday.
Key highlights
Over the last 12 months, the all items index rose 2.0 percent.
The shelter index increased 0.3 percent and was the main factor in the seasonally adjusted all items increase.
The energy index fell, as a decline in the gasoline index outweighed increases in other energy component indexes.
The index for all items less food and energy increased 0.2 percent in October.
The all items index rose 2.0 percent for the 12 months ending October, a smaller increase than the 2.2-percent increase for the period ending September.
The index for all items less food and energy rose 1.8 percent over the past year, a slightly larger increase compared to the 1.7-percent increase for the 12 months ending September.
The energy index increased 6.4 percent over the last 12 months, and the index for food rose 1.3 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
