By Jing Fu
Energy prices rebounded and the Consumer Price Index (CPI) rose moderately in October.
The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 2.4% in October after a 1.8% decline in September and a 0.8% decline in August. Excluding the volatile food and energy components, “core” CPI rose at a seasonally adjusted annual rate of 2.5% in October, similar to the 2.6% in September.
Energy prices have dominated inflation dynamics since mid-2014 when oil prices collapsed. In the previous two months, the sharp declines in energy prices have pulled overall inflation away from the core measure.
Read the full blog post at the NAHB website