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 rise on upbeat Wall Street momentum

Asia markets slip after Fed cuts rates again

Asia markets slip ahead of key Fed decision

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,065.00	93,070.00 89,805.00	-1945.00 -2.11%
BRENT CRUDE	60.95	61.86 60.81	-0.33 -0.54%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.28	58.19 57.15	-0.32 -0.56%
SUGAR #11 WORLD	15.05	15.27 14.83	0.20 1.35%