US CPI rose 0.4% mom in October, below expectation of 0.7% mom. Core CPI rose 0.3% mom, below expectation of 0.5% mom. Energy rose 1.8% mom while food rose 0.6% mom.
Over the last 12 months, CPI slowed from 8.2% yoy to 7.7% yoy, below expectation of 8.0% yoy. That’s the lowest rate since January this year. Core CPI slowed from 6.6% yoy to 6.3% yoy, below expectation of 6.5% yoy. Energy index was up 17.6% yoy while food was up 10.9% yoy.
