INFLATION TICKED UP IN OCTOBER, PRICES UP 2.6% IN LAST YEAR

Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in October, the same reading as the three previous months.
  • CPI increased 2.6% from a year ago, up from 2.4% in September, and in line with consensus.
  • The index for shelter rose 0.4%, the index for food rose 0.2%, and the energy index was unchanged over the month.
  • The index for food at home rose 0.1% over the month while the index for food away from home rose 0.2%.
  • The core CPI, which excludes food and energy, rose 0.3% in October and is up 3.3% from the previous year.
  • The energy index is down 4.9%, the food index is up 2.1%, and shelter is up 4.9% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source