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

January inflation rises by 5.8%

Oil prices slide on hints of U.S., Iran diplomacy

Gold down, silver slides further

Name	Price/Vol	%Chg/NChg
KSE100	185,057.83 215.80M	0.48% 883.35
ALLSHR	111,198.99 737.64M	0.43% 473.52
KSE30	56,808.99 106.85M	0.61% 346.11
KMI30	262,806.58 83.35M	0.67% 1756.35
KMIALLSHR	71,591.94 246.19M	0.51% 360.96
BKTi	53,634.85 44.18M	0.76% 405.81
OGTi	38,885.41 12.11M	0.76% 294.99

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,350.00	79,660.00 74,785.00	-4755.00 -5.65%
BRENT CRUDE	66.03	68.83 65.45	-3.29 -4.75%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-0.90 -0.99%
ROTTERDAM COAL MONTHLY	102.50	102.50 100.25	-0.90 -0.87%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.91	64.74 61.39	-3.30 -5.06%
SUGAR #11 WORLD	14.31	14.35 14.13	0.04 0.28%