US consumer prices rise more than expected in October
In short
US consumer prices rose more than expected in October.
The Consumer Price Index went up 0.4% after a 0.6% rise in September. Traders are watching the data because it can affect the Federal Reserve’s next rate decision.
What the reporting says
US consumer prices rose more than expected in October, with the Consumer Price Index increasing 0.4% after a 0.6% rise in September. Core CPI also increased, and traders viewed the data as potentially affecting Federal Reserve rate moves.
Why it matters
US consumer prices rose more than expected in October, with CPI up 0.4% after a 0.6% increase in September. Core CPI also moved higher, and the market read the data as relevant for Federal Reserve interest-rate decisions.