Investing.com – Core consumer price inflation in the U.S. was unexpectedly flat in October, official data showed on Wednesday.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy was flat in October, unchanged from a flat reading in September.
Analysts had expected core consumer prices to rise by 0.1% in October.
The report said that consumer prices including food and energy costs rose less-than-expected in October, increasing by a seasonally adjusted 0.2%, after rising by 0.1% in September.
Analysts had expected consumer price inflation to rise by 0.3% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.14% to hit 1.3511.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures pointed to a gain of 0.31%, S&P 500 futures pointed to a rise of 0.40%, while the Nasdaq 100 futures were up 0.42%.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy was flat in October, unchanged from a flat reading in September.
Analysts had expected core consumer prices to rise by 0.1% in October.
The report said that consumer prices including food and energy costs rose less-than-expected in October, increasing by a seasonally adjusted 0.2%, after rising by 0.1% in September.
Analysts had expected consumer price inflation to rise by 0.3% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.14% to hit 1.3511.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures pointed to a gain of 0.31%, S&P 500 futures pointed to a rise of 0.40%, while the Nasdaq 100 futures were up 0.42%.