Mobile Financial Headlines

Modest Inflation Last Month

posted 575 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

Related Headlines


Search: