Inflation in the US fell significantly to 7.7 percent in October. In September it was still 8.2 percent. Economists had expected a drop to 7.9 percent.
High inflation in the US eased more than expected in October. Compared to the same month last year, consumer prices rose by 7.7 percent, the Department of Labor announced on Thursday in Washington. On average, analysts had only expected a decline to 7.9 percent. In the previous month, the inflation rate was 8.2 percent. It is the fourth decline in a row.
Core inflation, excluding volatile energy and food prices, fell to 6.3 percent from 6.6 percent. Here, too, the decline was stronger than expected.
The US dollar fell across the board after the numbers. US Treasury yields also came under pressure. Because the slightly weakened upward pressure on prices points to fewer interest rate hikes in the future by the US Federal Reserve, which has already raised its key interest rate significantly this year. With this course, it braces itself against high inflation.
