Home Wealth  Money Inflation Reading Dips in October

Inflation Reading Dips in October

Posted: Nov. 17th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

An important measure of inflation for consumers fell in October, according to a Labor Department report today.

The consumer price index fell by a seasonally adjusted 0.1% in October.

Excluding food and energy costs, the core reading of consumer prices rose 0.1%.

Core CPI has risen 2.1% since October 2010.

The Federal Reserve keeps a close eye on inflation when determining its monetary policy stance.

Renewed concerns for the European debt crisis are driving stocks lower generally today, and better-than-expected US industrial output figures are doing nothing to help.

US stocks are trending lower, with the SPDR S&P 500 trading down over .7% Wednesday.

The US Dollar Bullish Fund is trading up over .2%, while the Euro Trust trades down over .2%.

Gold is trading xx, leading the SPDR Gold Shares to trade down over 1.4%, while the iShares Gold Trust trades down 1.5%.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Juan Valdez Launches Revolutionary Compostable Coffee Pods in 4 Authentic Flavors
The Smart Luggage Set You Need for Traveling
Imalentís†Military-Grade EU06-RW Smart Flashlight
Acclaimed Chef Melissa Perello Wants to Host Your Dinner Party
Surprise Your Loved One With Bang & Olufsen's $1,895 BeoSound 2 This Christmas
The $675 TUMI T-Pass: A Sleek Business Traveler-Inspired Briefcase
A Closer Look at Spain's Garnacha Wines From Aragon
New Juan Valdez Coffee Pods are Way Greener Than the Competition
The $400 360fly 4K Video Camera You'll Want in Your Stocking
Warm Up With These 5 Decadent Holiday Drinks
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE