While the CPI in the US remained unchanged on a monthly basis in October, it increased by 3.2 percent on an annual basis. Market expectations were for an increase of 3.3 percent. While the dollar lost strength with low inflation, the euro, sterling and gold rose.
The US Department of Labor announced consumer inflation data for September.
The Consumer Price Index (CPI) in the US remained unchanged on a monthly basis in October and increased by 3.2 percent on an annual basis. Market expectations were for an increase of 3.3 percent.
On a monthly basis, the CPI showed no change, the expectation was for an increase of 0.1 percent, while the increase in September was 0.4 percent.
Core indicators, which are critical for the Fed's path, were also below expectations.
Consumer prices excluding food and energy increased by 0.2 percent in October compared to the previous month.
The annual realization in this data was 4 percent.
Economists had predicted that there would be no change in core indicators compared to the previous month.
In September, monthly core inflation was 0.3 percent; annual core inflation was 4.1 percent.
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