The first inflation report after the U.S. election is released, in line with market expectations
The U.S. Department of Labor announced on Wednesday that consumer prices rose 2.6% in October compared to the same period last year. This marks an increase in the inflation rate from September, when the CPI rose 2.4% year-on-year. Core inflation, which excludes food and energy items, increased by 3.3% year-on-year, a measure that better reflects the underlying trend of inflation. Both results align with market expectations. This is the first inflation report following the U.S. elections. During Biden's administration, Americans have expressed disappointment over inflation, with current consumer prices approximately 20% higher than when he took office. Without the price increases, last week's results might have been different. Although inflation has shown signs of cooling, the economic situation was delicate when President-elect Trump took office, and the Federal Reserve's goal is to lower interest rates to ensure sustainable economic growth without reigniting inflation
Jin Shi Data reported on November 13th that the U.S. Department of Labor announced on Wednesday that consumer prices in October rose 2.6% compared to the same period last year. This marks a rebound in the inflation rate compared to September, when the CPI increased by 2.4% year-on-year. Core inflation, excluding food and energy items, rose 3.3% year-on-year, a metric that better reflects the underlying trend of inflation. Both results align with market expectations. This is the first inflation report following the U.S. elections. During Biden's administration, Americans have expressed disappointment over inflation, with current consumer prices approximately 20% higher than when he took office. Without the price increases, last week's results might have been different. Although inflation has shown signs of cooling, the economic situation was delicate when President-elect Trump took office, and the Federal Reserve's goal is to lower interest rates to ensure sustained healthy economic growth without reigniting inflation