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Inflation, as (un)expected

November 17 2010, 09:55

FMX | Connect – www.fmxconnect.com - (Reported 11/17/2010)

Inflation, as (un)expected

By: Cardiff Garcia (ft.com)

“The CPI numbers for October are out from the US Labor Department, with the monthly 0.2 per cent increase a bit lower than the expected 0.3 per cent.

Over the last twelve months, core CPI climbed 0.6 per cent, or “the smallest 12-month increase in the history of the index, which dates to 1957,” according to the BLS. There’s been a slight divergence between the core and headline numbers in recent months, with the majority of it accounted for by higher gas prices — but even then, the headline figure only climbed 1.2 per cent.” For full article, click here.

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