U.S. October core CPI rises 0.3% month over month, above forecasts

U.S. seasonally adjusted core consumer price index rose 0.3% in October from the previous month, above the 0.2% market forecast. The increase matched the previous month. Seasonally adjusted headline CPI rose 0.4% from a month earlier, above the 0.3% forecast, though below the previous month’s 0.6% gain. Nick Timiraos of The Wall Street Journal, often described as the Fed whisperer, said October core CPI’s actual month-over-month increase was 0.296%, staying around 0.3% for a third straight month. On an annualized basis, core CPI rose 3.75% over the past three months, up from 1.6% in July.