US CPI at 7.7%, as CPI for all items rises 0.4% in October as shelter, gasoline, and food increase
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment.
The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing. The energy index increased 1.8 percent over the month as the gasoline index and the electricity index rose, but the natural gas index decreased. The food index increased 0.6 percent over the month with the food at home index rising 0.4 percent. The index for all items less food and energy rose 0.3 percent in October, after rising 0.6 percent in September.
The indexes for shelter, motor vehicle insurance, recreation, new vehicles, and personal care were among those that increased over the month. Indexes which declined in October included the used cars and trucks, medical care, apparel, and airline fares indexes. The all items index increased 7.7 percent for the 12 months ending October, this was the smallest 12-month increase since the period ending January 2022.
The all items less food and energy index rose 6.3 percent over the last 12 months. The energy index increased 17.6 percent for the 12 months ending October, and the food index increased 10.9 percent over the last year; all of these increases were smaller than for the period ending September.
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intuitive Jackal_354 : is that good or bad for the market
doctorpot1OP intuitive Jackal_354: it is better than market expectation so good. JPMorgan expect market to rally 2.5 to 3.5% based on the data
Ixy The Cat : Obviously the consumer lie index is fudged...just saying
doctorpot1OP Ixy The Cat: I'm not sure about that but I think JPow still going to increase interest rate by 75bp in Dec
Ixy The Cat doctorpot1OP: Obviously, inflation is NOT yet under control and there is still a long way to go
SpyderCall : you should post this data every time doc.
ZnWC : @doctorpot1Thank you
doctorpot1OP SpyderCall: mm will be watching the CPI and posting it since that is what moves markets now hahahaha
next CPI is at December 13, 2022, at 8:30 A.M. Eastern Time
doctorpot1OP ZnWC: no problem
next CPI is at December 13, 2022, at 8:30 A.M. Eastern Time... just before JPow rate hike... wonder how will it be... 50? 75? 25? 100? hahahaha 
Milk The Cow doctorpot1OP: 7.6% or lower, they estimate wrong
.
It closed 5% up...
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