Core

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<h3 id="key-highlights">Key Highlights</h3> 
<ul> 
 <li><strong>Overall CPI</strong>: The Consumer Price Index (CPI-U) was unchanged in October, marking a significant slowdown from the 0.4% increase in September.</li> 
 <li><strong>Core Inflation</strong>: The index for all items less food and energy rose by 0.2% in October, down from 0.3% in September, representing the smallest 12-month change since September 2021, contrary to expectations of a steady rate.</li> 
 <li><strong>Energy and Food Prices</strong>: The energy index fell by 2.5%, with gasoline prices dropping by 5.0%. Food prices, however, continued to increase, with a 0.3% rise in October.</li> 
</ul> 
<p>The October Consumer Price Index (<a href="https://tokenist.com/octobers-cpi-print-what-to-expect/" rel="dofollow" class="deco-link">CPI</a>) report reveals a significant slowdown in inflation, aligning closely with economists’ predictions. The CPI for All Urban Consumers (CPI-U) remained unchanged in October after a 0.4% increase in September. This stagnation is a notable shift, reflecting the impact of decreased energy costs, particularly in gasoline prices.</p> 
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<h3 id="key-influences-and-variations">Key Influences and Variations</h3> 
<p>The primary contributing factor to the unchanged CPI was a decrease in energy costs, particularly a 5.0% decline in gasoline prices. Conversely, food prices continued their upward trend, albeit at a modest rate. The food index rose by 0.3% in October, slightly higher than September’s 0.2% increase. Core inflation, which excludes food and energy, rose by a modest 0.2%, indicating a deceleration from September’s 0.3% rise.</p> 
<h3 id="long-term-trends-and-comparisons">Long-Term Trends and Comparisons</h3> 
<p>The year-over-year analysis shows the all-items index rose by 3.2%, a decrease from September’s 3.7% rise. This is the smallest 12-month change since September 2021. Core inflation maintained a steady pace, with a 4.0% increase over the last 12 months. Additionally, the report reflects changes in the health insurance index calculation methodology, aiming to reduce data volatility and time lag.</p> 
<p><strong><em>Do you think the US economy will pull off a soft landing? Let us know in the comments below.</em></strong></p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p>The post <a rel="nofollow" href="https://tokenist.com/cpi-remained-unchanged-in-october-as-energy-costs-cooled/">CPI Remained Unchanged in October as Energy Costs Cooled</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

CPI Remained Unchanged in October as Energy Costs Cooled

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