Eco Week Ahead
US Inflation Progress Gets Harder in Last Mile Down
- Core CPI seen rising at similar pace in October vs prior month
- Busy week globally features releases on wages, GDP, inflation
Prices of core goods probably rose again in October, due in part to higher demand for cars and auto parts after Hurricanes Helene and Milton.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.
The core consumer price index due on Wednesday, which excludes food and energy, likely rose at the same pace on both a monthly and annual basis compared to September’s readings.