U.S. October CPI largely in line with expectations, headline inflation rises slightly

Data released Wednesday, Nov. 13, by the U.S. Bureau of Labor Statistics showed that inflation rose in October, but was largely in line with market expectations. The Consumer Price Index, which measures the cost of a range of goods and services, rose 0.2 percent for the month, which brought the annual inflation rate to 2.6 percent, up 0.2 percentage points from September. The change was more pronounced when food and energy were excluded. The core CPI rose 0.3% for the month and 3.3% on an annualized basis, although it was also largely in line with expectations.