November 13, 2024 13:43 GMT
US DATA: Headline CPI Higher Than Expected On Energy; Core Bit Softer vs Survey
US DATA
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October Core CPI comes in a little lower than expected (0.28% M/M vs 0.30% MNI median) with supercore below expected (0.31% M/M vs 0.39% MNI median), but notably headline CPI was if anything a little stronger than expected (0.24% vs 0.20% median).
- The latter is due to energy prices which came in stronger than expected (flat M/M vs -0.6% to -0.9% expected), with gasoline CPI a little higher than anticipated. Food prices were more or less in line at 0.16% M/M. See table.
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