US inflation rises 2.6% in Oct

MG News | November 13, 2024 at 06:30 PM GMT+05:00

0:00

November 13, 2024 (MLN): US inflation rose 2.6% over the prior year in October compared to a gain of 2.4% last month and 3.2% in October 2023, U.S. Bureau of Labor Statistics reported on Wednesday.

The annual rise in the consumer price index (CPI) was in line with the market expectations.

On a monthly basis, CPI rose 0.2% for the fourth consecutive month in October.

Core inflation, measured by non-food non-energy, rose 3.3% over the prior year as compared to an increase of 3.3% YoY in the previous month and an increase of 4% YoY in October 2023.

On a monthly basis, core CPI increased 0.3% for the third consecutive month in October 2024.

Metric	Actual	Estimate
CPI MoM	0.2%	0.2%
CPI YoY	2.6%	2.6%
Core CPI MoM	0.3%	0.3%
Core CPI YoY	3.3%	3.3%

Copyright Mettis Link News

Related News

Asia markets climb on renewed trade policy focus

Korean auto exports hit $6bn on strong EV demand

Walmart’s $1tr valuation sparks AI-driven expansion

Name	Price/Vol	%Chg/NChg
KSE100	173,396.50 41.62M	0.13% 226.79
ALLSHR	104,020.89 76.51M	0.07% 67.93
KSE30	53,124.47 17.50M	0.15% 81.58
KMI30	242,898.32 12.58M	-0.01% -33.07
KMIALLSHR	66,501.57 36.51M	-0.01% -5.52
BKTi	51,343.84 8.15M	0.56% 285.29
OGTi	34,175.00 1.65M	0.04% 15.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,960.00	67,760.00 64,325.00	-2865.00 -4.22%
BRENT CRUDE	70.87	71.44 70.69	-0.89 -1.24%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.45 -1.36%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.61	66.11 65.38	-0.87 -1.31%
SUGAR #11 WORLD	13.86	14.02 13.61	0.16 1.17%