(Source: William Blair & Company LLC) The increase in the headline CPI matched expectations in October, rising by 0.2% after a 0.2% decline in September. The core rate was also 0.2% higher as anticipated. On a 12-month rate-of-change basis, the seasonally adjusted headline and core rates are now 0.2% and 1.9% higher, respectively. The CPI's energy price index rose for the first month since July, this time by 0.3%. If we exclude the effects of energy, the CPI would still have increased 0.2% in October and was 1.9% higher than a year ago. The CPI excluding food prices would have risen...
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