United States: Consumer Price Index
16th Nov 2006, 16:25 GMT
The seasonally adjusted consumer price index fell 0.5% in October, after a 0.5% decline in September. For the second straight month, a big drop in energy prices pushed the overall index lower. The core index, excluding food and energy prices, rose 0.1%, in October; this followed three straight months of 0.2% monthly increases in the core CPI. Over the past year, core CPI inflation has run at a 2.7% pace. The drop in top line inflation was larger than expected, and the increase in the core CPI was smaller than expected. This is very good news on the inflation front.
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