The retail inflation in October it showed less than expected data. The consumer’s price index it was unchanged last month, against expectations of a 0.2% rise, and after rising 0.2% in September. The annual rate in this way went from 1.4% to 1.2%, lower than the 1.3% of analysts’ estimates.
Regarding the Underlying inflation, numbers were also lower than the consensus. The CPI without considering food and energy also remained unchanged in October (+ 0.2% expected), causing the annual rate to fall from 1.7% to 1.6%, while expectations were for a rise to 1.8%.
At the same time, there was a drop in applications for unemployment benefits in the US The figures had no impact on the market.
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Credits: Forex Street
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