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The U.S. Labor Department released consumer price inflation data today. The U.S. consumer price inflation was flat in October, beating expectations for a 0.1% decrease, after a 0.1% increase in September.
Falling gasoline prices held down inflation in the U.S.
On a yearly basis, the U.S. consumer price index remained unchanged at 1.7% in October, beating forecasts of a decline to 1.6%.
The U.S. consumer price inflation excluding food and energy climbed 0.2% in October, in line with expectations, after a 0.1% rise in September.
On a yearly basis, the U.S. consumer price index excluding food and energy rose to 1.8% in October from a 1.7% gain in September, in line with expectations.
Energy costs dropped 1.9% in October.
Gasoline prices declined 3.0% in October, while food prices rose 0.1%.
Housing expenses climbed 0.3% in October, while medical costs gained 0.2%.
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