US inflation rises 2.6% in Oct

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

Add Mettisglobal as a Trusted Source on Google

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

Oil drops below major threshold as supply fears ease

Asian markets waver after global tech selloff

SpaceX loses $600bn in three-day rout

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,510.00	61,900.00 60,590.00	1675.00 2.80%
BRENT CRUDE	72.63	73.51 72.06	-1.11 -1.51%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	0.00 0.00	0.60 0.48%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.48	70.21 68.90	-0.86 -1.22%
SUGAR #11 WORLD	14.03	14.08 13.86	0.01 0.07%