The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased just 0.2 percent before seasonal adjustment. Graph: Trading Economics This hardly shows incipient inflation, and is no reason for the Fed to raise their interest rates in December. Year-on-year, the CPI is also up 0.2 percent which is up from zero in September while the core rate is unchanged at plus 1.9 percent, right at the Fed's general 2 percent goal. Only medical care and housing costs rose, which is understandable with more becoming insured...
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