https://www.bls.gov/news.release/cpi.nr0.htm
Due to the government shutdown, BLS could not collect price observations in October, so did not release a price index for that month. As such, month-over-month price increases cannot be computed. The two-month change in the index was 0.2%.
Consensus forecast was for 3.1% YoY, so actual figures surprised significantly on the low side.
Core CPI (all items less food and energy) increased 2.6% YoY, compared with 3.0% YoY in September.
Consensus forecast for core CPI was 3.0% YoY, so actual figures also surprised significantly low for core CPI.
Posted by JeromesNiece
3 Comments
>Due to the government shutdown, BLS could not collect price observations in October
This is seriously the dumbest shit.
Nice little case study on the effects of inflationary policy vs overall economic slowdown
So CPI is actually biased upwards in terms of understanding monetary inflation because of the effects of tariffs percolating through supply chains this year creating real increases in prices for consumers. I guess this is good news that overall inflation is still down. Could the fed even be correct in cutting rates and actually be close to their target of 1% monetary inflation?