Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. CPI jumped 0.9% mom and 6.2% yoy in October, the largest 12-month rise since 1990, the BLS reported Wednesday, further evidence of broad inflation that may pressure more Fed officials to look at raising near-zero interest rates.
Core CPI rose 0.6% mom and 4.6% yoy, the most since 1991 and above the highest market forecast. Shelter was up 0.5% mom, with Owners' Equivalent Rent rising 0.4%. Used cars and trucks rose 2.5% after declining in August and September and the index for new vehicles added 1.4%, a seventh consecutive increase. Apparel was unchanged and airfares fell 0.7%.
"The monthly all items seasonally adjusted increase was broad-based," the report said. Energy prices rose 4.8% mom in October and 30.0% in the largest 12-month increase since 2005, BLS said.
Source: BLS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.