Wednesday, November 13, 2019

BLS: CPI increased 0.4% in October, Core CPI increased 0.2%

by Calculated Risk on 11/13/2019 08:33:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis after being unchanged in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment.
...
The index for all items less food and energy rose 0.2 percent in October after increasing 0.1 percent in September.
...
The all items index increased 1.8 percent for the 12 months ending October, a slightly larger rise than the 1.7-percent increase for the period ending September. The index for all items less food and energy rose 2.3 percent over the last 12 months.
emphasis added
Core inflation was at expectations in October. I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.