Summary
- U.S. consumer price index (CPI) rose 0.4% in October from a month earlier, exceeding market expectations for a 0.3% increase.
- October core CPI rose 0.3% from a month earlier, topping market forecasts for a 0.2% gain and matching the previous reading of 0.3%.
- The U.S. Bureau of Labor Statistics said it could not calculate the annual inflation rate because of insufficient data caused by the government shutdown.
Forecast Trend Report by Period
U.S. consumer prices and core consumer prices both rose more than expected in October.
Data released on November 10 showed the U.S. consumer price index rose 0.4% from a month earlier. That exceeded the market forecast for a 0.3% increase, though it was slower than the previous month's 0.6% gain.
Core CPI, which excludes food and energy, rose 0.3% in October from a month earlier. That was above the market estimate of a 0.2% increase and matched the previous month's 0.3% rise.
The U.S. Bureau of Labor Statistics said it could not calculate the annual inflation rate because comparisons with the previous year were difficult due to insufficient data caused by the government shutdown.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.