Inflation in the US fell to 7.7 percent in October, according to a consumer price index from the US Department of Labor. Analysts had expected 7.9 percent. In September, inflation was 8.2 percent. – A clear decline, says Jens Magnusson, SEB’s chief economist. If you remove energy and food prices, core inflation ended up at 6.5 percent in October. Compared to September, consumer prices rose by 0.4 percent in October. Analysts had expected U.S. consumer prices to rise 0.6 percent in October compared with September, and that inflation would thus fall to 7.9 percent, according to a compilation of forecasts by Bloomberg. Core inflation was expected to decline to 6.5 percent, from 6.6 percent in September. In September, consumer prices in the United States rose by 0.4 percent compared to the previous month, giving an inflation rate of 8.2 percent. The inflation level is crucial data ahead of the next interest rate announcement from the US central bank Federal Reserve (Fed), after four so-called triple increases of the key interest rate of 75 points in a row. The next interest rate announcement from the Fed is scheduled for December 14. Watch our live broadcast in the player above.
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Unexpectedly low inflation in the US: “A clear decline”
