The annual inflation rate in the United States accelerated to 2.6% in October, up from 2.4% in September, which was the lowest rate since February 2021, in line with market expectations.
The new rise marks the first increase in inflation in seven months, as energy costs fell less (-4.9% versus -6.8%), mainly due to gasoline (-12.2% vs. -15.3%) and oil fuel (-20.8% vs. -22.4%), while natural gas prices rose by 2%, as in September.
Housing inflation stabilized at 4.9%, while food inflation slowed (2.1% vs. 2.3%), transport (8.2% vs. 8.5%), and the prices of new vehicles continued to decline (-1.3% vs. -1.3%) and used cars and trucks (-3.4% vs. -5.1%).
On a monthly basis, the CPI rose 0.2%, which is consistent with the previous three months, which is also in line with expectations.
The housing index rose 0.4%, accounting for more than half of the monthly increase, meanwhile, core inflation remained steady at 3.3% as expected, with monthly core inflation also stabilizing at 0.3%, the same level as in September, according to the US Bureau of Labor Statistics.
