US Inflation Data Released

The inflation data for the United States (US) for October has been released. The annual Consumer Price Index (CPI) came in at 2.6%, aligning with expectations. Monthly consumer inflation was reported at 0.20%, with no surprises.

The US Bureau of Labor Statistics published the October inflation data today. The report stated: "The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2% in October after seasonal adjustment, showing the same increase as the previous three months. This information was reported today by the US Bureau of Labor Statistics. Over the past 12 months, the all-items index increased by 2.6% before seasonal adjustment.

The shelter index rose by 0.4% in October, accounting for more than half of the total monthly increase in all items. The food index also increased during the month; the index for food at home rose by 0.1%, while the index for food away from home increased by 0.2%, resulting in an overall rise of 0.2%. The energy index, after falling by 1.9% in September, remained unchanged during the month.

In October, the all-items index excluding food and energy increased by 0.3%, mirroring the increases seen in August and September. Among the indices that rose in October were shelter, used cars and trucks, airline fares, medical care, and recreation. On the other hand, indices for apparel, communication, and household operations saw declines during the month.

The all-items index increased by 2.6% for the 12 months ending in October; this was an increase from 2.4% for the 12 months ending in September. The index excluding food and energy rose by 3.3% over the last 12 months. The energy index decreased by 4.9% for the 12 months ending in October. The food index increased by 2.1% over the past year.