Quick Review of the U.S. October CPI
The U.S. October CPI increased by 2.6% year-on-year, in line with expectations, compared to a previous increase of 2.4%; the U.S. October core CPI rose by 3.3% year-on-year, consistent with both expectations and the previous value. The U.S. October core CPI increased by 0.3% month-on-month (marking the third consecutive month of 0.3% growth), while the U.S. October CPI rose by 0.2% month-on-month, both in line with expectations and the previous values. The data shows that U.S. inflation remains above the Federal Reserve's 2% target level, highlighting the ongoing risks faced by Federal Reserve officials in their efforts to achieve this goal