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Eurozone CPI increased by 0.6%

Euro area annual inflation is expected to be 0.6% in November 2016, up from 0.5% in October 2016, according to a flash estimate from Eurostat, the statistical office of the European Union.

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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.

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UK CPI increased by 0.9%, less than expected

The Consumer Prices Index (CPI) rose by 0.9% in the year to October 2016, compared with a 1.0% rise in the year to September. Although the rate was slightly lower than in September 2016, it remained higher than the rates otherwise seen since late 2014. The main downward contributors to the change in the rate were prices for clothing and university tuition fees, which rose by less than they did a year ago, along with falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages. These downward pressures were offset by rising prices for motor fuels, and by prices for furniture and furnishings, which fell by less than they did a year ago.

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China's CPI increased by 2.1%

China’s factory-gate inflation picked up further last month while consumer prices accelerated, suggesting government efforts to reduce overcapacity have gained some traction and alleviating a source of global disinflationary pressure.Producer-price index rose 1.2 percent in October from a year earlier, compared with a 0.9 percent increase estimated by economists in a Bloomberg survey. Consumer-price index increased 2.1 percent, matching the gain forecast by analysts.

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