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Sunday, November 17, 2019 12:02:44 AM EST

CPI Updated 13-Nov-19 09:12AM ET

Total CPI was up 0.4% m/m in October ( consensus +0.3%), driven largely by higher energy costs, while core CPI, which excludes food and energy, increased 0.2%, as expected.

The monthly changes left the yr/yr changes at 1.8% for total CPI (up from 1.7% previously) and 2.3% for core CPI (down from 2.4% previously).

The energy index increased 2.7% m/m and accounted for more than half of the increase in total CPI.

The food index jumped 0.2%.

The shelter index rose 0.1%, which was the smallest increase since October 2013.

The apparel price index fell 1.8% while the price index for new vehicles declined 0.2%.

The key takeaway from the report is that consumer inflation is firming up, but it isn't turning up yet to an actionable, rate-hike degree for the Federal Reserve.
All Items0.4%0.0%0.1%0.3%0.1%
Food and Beverages0.2%0.1%0.0%0.1%0.1%
Equivalent Rent0.2%0.3%0.2%0.2%0.3%
Motor Fuel3.7%-2.4%-3.5%2.5%-3.6%
Medical Care1.0%0.2%0.7%0.5%0.3%
Educ and Commun0.0%0.0%0.0%0.2%0.1%
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