Data released moments before by the Bureau of Labor Statistics in the United States showed that the CPI, which measures inflation, rose by 0.9% in October, after rising by about 0.4% in September, to come in better than expectations that indicated a rise to 0.6%, while the main index excluding it rose Food and energy prices to 0.6% (expectations of 0.4%), compared to 0.2% in its September reading.
On the other hand, the annual index rose over the past 12 months to 6.2% from 5.4% in September, at its highest pace since 1990, better than expectations that indicated a rise to 5.8%.
In the details of the index, the food index recorded a growth of 5.3% on an annual basis, while the energy index rose by 4.8% in October and rose by about 30% on an annual basis.
The US dollar recorded gains after the statement by more than 0.15% and is trading at 94.35 levels, while the yield on US Treasury bonds for the ten years is trading at 1.488, up by more than 2.7%.
06/11/2024
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