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.
- CPI: Up +.3%
- Ex Food & Energy: Up +.2%
- Food: Up +.1%
- Energy: Up +1.5%
- Housing: Up +.09%
- Apparel: Down -.35%
- Transportation: Up +1.37%
- Medical Care: Up +.18%
- Recreation: Down -.38%
- Education & Communication: Up +.16%
- Other Goods & Svcs: Up +.26%
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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