United States Inflation

United States

United States: Inflation stable again in October

November 20, 2014

In October, consumer prices were flat over the previous month in seasonally-adjusted terms. The print was down from the 0.1% rise recorded in September but above market expectations of a 0.1% decline. The flat reading reflected that much lower prices for gasoline were offset by higher prices in several categories, including transportation, new vehicles, and food.

Annual inflation was stable at 1.7% for the third consecutive month in October, thus remaining at its lowest level since March. Meanwhile, core consumer prices, which exclude food and energy prices, rose 0.2% over the previous month, which was up from the 0.1% increase observed in September. The figure came in above market expectations of another 0.1% increase. Annual core inflation ticked up from September’s 1.7% to 1.8% in October. Annual average core inflation also ticked up from 1.7% in September to 1.8% in October.

FocusEconomics Consensus Forecast participants expect inflation to average 1.9% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects average inflation to rise to 2.0%, which is down 0.1 percentage points from last month’s Consensus.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in United States? Download a sample report now.

Download

United States Inflation Chart


USA Inflation October 2014

Note: Year-on-year and month-on-month variation of seasonally-adjusted consumer price index in %.
Source: Bureau of Labor Statistics.


United States Economic News

More news

Search form