US: Lower Prices at the Pump Cool Headline Inflation, and Cooler Core Inflation Provides Reassurance

<p><img width="612" height="328" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation61.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation61.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation61-600×322.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation61-150×80.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-inflation61-300×161.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>The Consumer Price Index (CPI) was flat in October, marking a deceleration from September’s 0.4% month-on-month (m/m) gain, and below consensus expectations. On a twelve-month basis, headline inflation cooled further to 3.2%. Energy prices helped hold back headline inflation, dropping 2.5% m/m, driven by a drop in gasoline prices (-5.3% m/m). Food prices added upward […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/fundamental-analysis/527378-us-lower-prices-at-the-pump-cool-headline-inflation-and-cooler-core-inflation-provides-reassurance/">US: Lower Prices at the Pump Cool Headline Inflation, and Cooler Core Inflation Provides Reassurance</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>