US consumer price inflation unexpectedly fell in October to 7.7%, down from 8.2% in September and the lowest level since January.
The figures from the Bureau of Labor Statistics released today (10 November), showed CPI rose 0.4% month on month, less than the anticipated 0.6% from economists. Core inflation, which excludes food and energy, rose 0.3% from the previous month. "Inflation in the US has once again fallen, giving some momentum to the idea that the worst is now behind us," said Stuart Clark, portfolio manager at Quilter Investors. "The rate is lower than expectations and this will provide some relief to consumers and the wider market." Will the strong dollar continue to spook markets? Seema Shah,...
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