US inflation loses traction in October – UOB – by pabspiovano Inflation CPI UnitedStates Banks
Key Takeaway
“The core CPI inflation continued to increase sequentially, but at a pace below expectations which sparked hopes of abating underlying momentum for price pressures. On a m/m basis, core inflation rose by 0.3% in Oct, down from 0.6% in Sep, and below Bloomberg estimate of 0.5%. Compared to a year ago, it rose by 6.3% y/y in Oct, down from 6.6% y/y in Sep, below Bloomberg estimate for 6.5%.”– With the latest US headline inflation printing further below the 9.
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