Inflation
Cooling Off or Double Dip?
The Department of Labor reported that CPI in October rose 0.4% month over month and 7.7% year over year. The consensus estimate was 0.5% for the month-over-month rise and 7.9% for the year-over-year gain. Core CPI (excluding volatile food and energy items) increased 0.3% month over month and 6.3% year over year. The consensus estimate was of a rise of 0.5% month over month and 6.5% year over year.








