US: CPI Declines to 1.6% in October

Inflation in the US, as measured by the Consumer Price Index (CPI), was 0% in October, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI declined to 1.2% from 1.4% in September.

Further details of the publication revealed that the annual Core CPI, which excludes volatile food and energy prices, declined to 1.6% and fell short of the analysts’ estimate of 1.8%.