Key takeaways
- The CPI headline reading is expected to show an increase of 0.3% while the core is forecast to increase 0.2%.
- Falling gasoline prices provided some relief to consumers in October, but Federal Reserve officials are increasingly concerned that inflation pressures elsewhere in the economy are proving harder…
- Core inflation, which excludes volatile food and energy costs, is forecast to increase 0.2%.
The Bureau of Labor Statistics will release the October consumer price index report Tuesday, with estimates of a 0.3% headline growth rate and 0.2% for core. While the report won't include an annual rate because of last year's government shutdown, the results likely will keep the Fed well above its 2% inflation goal.
