The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.3% for the month of October, while the core CPI rate, excluding energy and food, rose 0.2%. On a year-over-year basis, consumer prices were down .2%.
Here is a breakdown of the inflation benchmark to show you where costs are rising most.
The change in core CPI figures show that at least for now, inflation is not an issue. Following the news, the futures remained flat. In the pre-markets, American Express, Bank of America , General Electric , Johnson & Johnson , and Walmart are leading the Dow to the upside.
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