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17.11.2015 14:01

U.S. consumer price inflation rises 0.2% in October

The U.S. Labor Department released consumer price inflation data on Tuesday. The U.S. consumer price inflation rise 0.2% in October, in line with expectations, after a 0.2% fall in September.

The increase was partly driven by higher shelter and medical care costs. Shelter costs climbed 0.3% in October, while medical care costs rose 0.8%.

Gasoline prices were up 0.4% in October.

Food prices increased 0.1% in October.

On a yearly basis, the U.S. consumer price index increased to 0.2% in October from 0.0% in September, beating expectations for a rise to 0.1%.

The U.S. consumer price inflation excluding food and energy gained 0.2% in October, in line with expectations, after a 0.2% increase in September.

On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged at 1.9% in October, in line with expectations.

The inflation remains low due to a weak wage growth and a stronger U.S. dollar.

The consumer price index is not preferred Fed's inflation measure.

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