Underlying US inflation in October was 1.4%

According to the report of the Bureau of economic analysis U.S. Department of Commerce, the basic price index of personal consumption expenditures (core PCE price index), one of the key indicators of inflation, the fed considered when forming a decision on the interest rate in October rose by 0.2% compared with the previous month.

Analysts had expected the index to increase 0.2%.

In annual terms the core PCE index rose by 1.4% in the previous month, continuing to fluctuate below the fed’s target of 2%.

Underlying US inflation in October was 1.4% 30.11.2017

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