U.S. Consumer Prices Rise In Line With Estimates In October
(RTTNews) - A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.
The annual rate of growth by the PCE price index accelerated to 2.3 percent in October from 2.1 percent in September, which was also in line with expectations.
Excluding food and energy prices, the core PCE price index climbed by 0.3 percent in October, matching the increase seen in September as well as economist estimates.
The annual rate of growth by the core PCE price index crept up to 2.8 percent in October from 2.7 percent in September, which was also in line with expectations.
The inflation readings, which are preferred by the Federal Reserve, were included in a report on personal income and spending.
The report said personal income climbed by 0.6 percent in October, while personal spending rose by 0.4 percent. Economists had expected both personal income and spending to increase by 0.3 percent.
U.S. Small Business Confidence Improves In July - NFIB
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates
U.S. Consumer Prices Increase In Line With Estimates In July
U.S. Wholesale Inventories Inch Up Less Than Expected In June
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
U.S. Jobless Claims Rise More Than Expected To 226,000
U.S. Labor Productivity Surges 2.4% In Second Quarter
