Tuesday, March 21, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

U.S. Consumer Prices Rise Less Than Expected in October

in News
U. S. Weekly jobless claims fall to five-month low
Share on LinkedinShare on WhatsApp

U.S. consumer price index rose less than expected in October pushing the annual increase below 8% for the first time in eight months, the Labor Department said Thursday.

This is the strongest sign yet that inflation is starting to subside, after months of high prices that have been hitting the U.S. economy and forcing the Federal Reserve to hike interest rate.

The consumer price index, that measures goods and services costs, increased 0.4% for the month and 7.7% from a year ago. Dow Jones expected increases of 0.6% and 7.9%, respectively.

Excluding volatile food and energy costs, the so-called core CPI increased 0.3% in October and 6.3% on an annual basis, compared with respective estimates of 0.5% and 6.5%.

The Fed last week delivered a fourth consecutive 75-basis-point interest rate hike as it keeps fighting to bring down inflation to a 2% target. The central bank signaled then that it may be nearing an inflection point in the fastest rate hiking cycle since the 1980s.

“This was the big drop I had been expecting, as year-over-year comparisons become more difficult for most categories with the shelter component, which accounts for nearly a third of the CPI index, the next to fall,” said contributor Lawrence Fuller.

A 2.4% decline in used vehicle prices helped bring down the inflation figures. Apparel prices fell 0.7% and medical care services were lower by 0.6%.

Tags: CPI price indexDepartment of LaborFederal Reserveinflation

Related Posts

Amazon’s zoox tests robotaxi on public road with employees as passengers
News

Amazon’s Zoox tests robotaxi on public road with employees as passengers

New york regulator orders binance stablecoin backer to stop issuing token
News

New York regulator orders Binance stablecoin backer to stop issuing token

Oil falls on demand fears as fed ‘make or break moment’ approaches
News

Oil falls on demand fears as Fed ‘make or break moment’ approaches

U. S. Consumer prices revised higher in december, november
News

U.S. consumer prices revised higher in December, November

Lyft shares sink after grim forecast shows it falling behind uber
News

Lyft shares sink after grim forecast shows it falling behind Uber

China says proposed u. S. Ban on chinese buying u. S. Property violates market rules
News

China says proposed U.S. ban on Chinese buying U.S. property violates market rules

Yahoo to lay off more than 20% of staff
News

Yahoo to lay off more than 20% of staff

Hyundai in talks with u. S. Labor department over alabama child labor
News

Hyundai in talks with U.S. Labor Department over Alabama child labor

Disney to cut 7,000 jobs in major revamp by ceo iger
News

Disney to cut 7,000 jobs in major revamp by CEO Iger

Elon musk has an active stake in twitter; started buying stock in january
News

Elon Musk to unveil Tesla’s ‘Master Plan 3’ at first investor day

No Result
View All Result

Recent Posts

  • Symbotic’s CEO Rick Cohen shines a light on the consumer goods supply revolutionSymbotic Soars
  • CEO John Wynne outlines how Fortis Solution Group is disrupting the packaging industry
  • CEO Keh-Shew Lu explains how Diodes Inc is pushing the frontiers of connectivity
  • CEO NA Andrea Pirondini explains why the Prysmian Group is best-in-class at cable solutions
  • Eric Clark on how ONE NTT is driving client-led innovation

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111