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US CPI increased by 0.4%

Thursday, Nov 17 2016
US CPI increased by 0.4%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent  in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics  reported today. Over the last 12 months, the all items index rose 1.6 percent  before seasonal adjustment. As in September, increases in the shelter and gasoline indexes were the main  causes of the rise in the all items index. The gasoline index rose 7.0 percent in October and accounted for more than half of the increase in the all items index. The shelter index increased 0.4 percent for the second straight month.

Separate report showed that in the week ending November 12, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 19,000 from the previous week's unrevised level of 254,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 253,500, a decrease of 6,500 from the previous week's revised average. The previous week's average was revised up by 250 from 259,750 to 260,000.

 

Euro is currently being traded around 1.0680 area, Sterling is at 1.2450 handle, while Aussie is around 0.7490 level.

More in this category: « Housing Starts at a nine-year high Yellen warns of delaying rate hike ‘too long’ »

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