US Headline and Core CPI for October both came in lower than expected (decrease).
US Headline CPI:
YoY – Actual 3.24% / Exp. 3.3% / Prev. 3.7% (Green on chart)
US Core CPI:
YoY – Actual 4.02% / Exp. 4.2% / Prev. 4.13% (Blue on chart)
The chart below illustrates the direction of the current YoY down trend for both Headline and Core CPI however we are still not at the historical moderate levels of inflation desired. You can see these moderate levels of inflation between 1 – 3% from 2002 – 2020 below.
Nice to see the Core CPI come down, almost down, into the moderate historical averages PUKA
Comment
⋅
I mixed up the colors on this sorry guys. Please see the aligning % on the right scale numbers.