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Consumer Prices Rise by 2.6%, Snapping Cooling Streak; What It Means for Fed Rate Cuts

The Numbers, at a Glance

The U.S. Bureau of Labor Statistics released the latest reading of the consumer price index on Wednesday.

Here are the highlights from the October data:

YoY: Consumer prices increased by 2.6% vs. 2.4% in September

MoM: 0.2% increase, the same rate as the previous month

Core YoY: 3.3% increase, the same rate as the previous month

Core MoM: 0.3% increase, the same rate as the previous month