Bloomberg: US consumer prices spike growth According to Bloomberg, consumer prices on an annualized basis in October accelerated sharply to 6.2 percent from 5.4 percent a month earlier.
The consumer price index rose 0.9 percent compared to September, which was the biggest jump in four months. Moreover, as the agency notes, both indicators exceeded analysts' forecasts: experts expected annual inflation at 5.8 percent and 0.6 percent in October.
High prices for energy, housing, food and transport funds. Core inflation (excluding food and energy prices) in October amounted to 4.6 percent on an annualized basis.
In October it became known that the rise in prices in the United States also broke a record and became the maximum since 1991 … The PCE Price Index – a measure of personal consumption spending that the Federal Reserve uses to set its inflation target – rose 0.4 percent over August and 4.3 percent over 2020.