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U.S. CPI Rose 0.4% in October, Higher Than Expected
(2 hours ago) · 1 source · Summarized by CryptoBipto
The U.S. Consumer Price Index increased 0.4% in October, exceeding forecasts. The core rate, which excludes food and energy, rose 0.3%. The stronger-than-expected inflation data could influence Federal Reserve policy decisions.
WHY IT MATTERS
The Consumer Price Index, or CPI, measures how much everyday prices (like groceries, rent, and gas) are changing over time.
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SOURCES
- coindesk.com
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InflationCPIFederal ReserveMacroeconomics