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MNI BRIEF: US Oct CPI Matches Expectations; Shelter Rebounds

Headline CPI added 0.2% and core 0.3%, bringing the 12-month rates to 2.6% and 3.3%, respectively.

MNI (WASHINGTON) - U.S. CPI inflation in October largely matched Wall Street expectations, printing a 0.244% increase for all items and 0.280% for core prices. Higher than expected energy costs boosted overall inflation to the high side of expectations for a 0.2% increase. 

Over the past 12 months, headline inflation accelerated two-tenths to 2.6% and core stayed at 3.3%. Core inflation accelerated to 3.6% from 3.1% on a three-month annualized basis. The data should keep the Federal Reserve on track to reduce interest rates for a third straight meeting next month. (See: MNI INTERVIEW: Fed To Pause, Take Stock Early 2025 -Lockhart)

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MNI (WASHINGTON) - U.S. CPI inflation in October largely matched Wall Street expectations, printing a 0.244% increase for all items and 0.280% for core prices. Higher than expected energy costs boosted overall inflation to the high side of expectations for a 0.2% increase. 

Over the past 12 months, headline inflation accelerated two-tenths to 2.6% and core stayed at 3.3%. Core inflation accelerated to 3.6% from 3.1% on a three-month annualized basis. The data should keep the Federal Reserve on track to reduce interest rates for a third straight meeting next month. (See: MNI INTERVIEW: Fed To Pause, Take Stock Early 2025 -Lockhart)

Keep reading...Show less