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Modest Inflation Last Month

posted 777 weeks ago on CrossingWallStreet.com
The Wall Street Journal reports: The consumer price index rose 0.3% in October, the Labor Department said Thursday, matching September's increase. The core CPI, which excludes volatile food and energy prices, advanced 0.2% for a fifth-straight month. The headline and core gains matched Wall Street expectations, according to a Dow Jones Newswires survey. Unrounded, the CPI rose 0.293% last month. The core CPI advanced 0.159% unrounded. Consumer prices were up 3.5% from a year ago. The core CPI was up 2.2% compared to the same month a year ago, up from 2.1% in September. Still, that remains near the 2% top end of the Federal Reserve's assumed comfort zone for annual core inflation. The Fed's preferred gauge, the core price index for personal consumption expenditures, is within that range
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