US CPI rose sharply by 0.9% mom in October, well above expectation of 0.5% mom. CPI core rose 0.6% mom, also well above expectation of 0.3% mom.
Over the 12-month period, headline CPI accelerated to 6.2% yoy, up from 5.4% yoy, well above expectation of 5.3% yoy. That’s also the highest level since November 1990.
Annual core CPI surged to 4.6% yoy, up from 4.0% yoy, above expectation of 4.0% yoy. That’s the highest level since August 1991.
