by Bill McBride on 11/17/2015 08:35:00 AM
Tuesday, November 17, 2015
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 0.2 percent before seasonal adjustment.I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was at the consensus forecast of a 0.2% increase for CPI, and also at the forecast of a 0.2% increase in core CPI.
The indexes for food, energy, and all items less food and energy all increased modestly in October. The food index, which increased 0.4 percent in September, rose 0.1 percent in October, with four of the six major grocery store food group indexes rising. The energy index, which declined in August and September, advanced 0.3 percent in October; major energy component indexes were mixed.
The index for all items less food and energy rose 0.2 percent in October, the same increase as in September. ... The index for all items less food and energy has risen 1.9 percent over the past 12 months; this is the same figure as the 12 months ending September.
Posted by Bill McBride on 11/17/2015 08:35:00 AM