For many people, tonight's CPI data is a huge relief, a long sigh of relief!
In October, CPI is 7.7% year-on-year, expected 7.9%, with a previous value of 8.2%; core CPI is 6.3% year-on-year, expected 6.5%, and previous value 6.6%.
October CPI: 0.4%, expected: 0.6%, previous value: 0.4%; Core CPI: 0.3%, expected: 0.5%, previous value: 0.6%
Us CPI rose 7.7 per cent in October from a year earlier, up from 8.20 per cent and expected to be 8 per cent.
In the United States, core CPI rose 6.3% in October from a year earlier, compared with a previous value of 6.60% and an expected 6.50%.
The announced CPI and core CPI data are both lower than the market expectations, bringing a spark to the market in the cold winter.
Counselors in yesterday's article "looking at the City: the value of growing VS, when CPI is announced, will this song of ice and fire usher in a reversal?" The analysis pointed out that after the end of the election, the US economic data is likely to accelerate the decline, and there has been a significant slowdown or even a year-on-year decline in many itemized data in CPI in October, which is likely to lead to a better-than-expected result.
Finally, tonight's data is finally coming down, so let's take a look at the breakdown:
The decline in CPI in October was mainly due to the decline in commodity inflation. The sharp drop in used car prices compared with the same period last year led to a month-on-month decline in CPI and a significant drop in medical service prices, which is worth mentioning.