Ekonomické zprávy
13.11.2024

U.S. annual inflation rebounds in line with expectations in October

The Labor Department reported on Wednesday the U.S. consumer price index (CPI) went up  0.2 per cent m-o-m in October, the same pace as in the previous month. 

Over the last 12 months, the CPI jumped by 2.6 per cent y-o-y,  quickening from an unrevised increase of 2.4 per cent y-o-y reported for the period ending in September. This marked the first acceleration in the headline CPI since March and represented the strongest 12-month rise since July (+2.9 per cent).

Economists had predicted the U.S. CPI to advance by 0.2 per cent m-o-m and 2.6 per cent y-o-y.

According to the report, a surge in the index for shelter (+0.4 per cent m-o-m) contributed over half of the monthly gain in the index for all items. In addition, the food index also increased (+0.2 per cent m-o-m) over the month. Meanwhile, the energy index (flat m-o-m) remained unchanged in October.

The core CPI, excluding volatile food and fuel costs, climbed by 0.3 per cent m-o-m in October, the same pace as in the previous month.

In the 12 months through October, the core CPI soared by 3.3 per cent, at a similar pace as in the 12-month period ending in September.

Economists had anticipated the core CPI to increase by 0.3 per cent m-o-m and 3.3 per cent y-o-y in September.

Podívejte se také