Core CPI picks up while retail sales gain 0.2% in October

• November 15, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Consumer prices minus food and energy picked up a bit in October while retail sales rose modestly, according to government data released Wednesday. The overall CPI rose by a seasonally adjusted 0.1% in October, while core prices rose a slightly stronger 0.2%. Over the past 12 months, core consumer inflation has risen 1.8%, up from a 1.7% gain in September, That’s the highest rate since April. Retail sales rose 0.2% in October on modest across-the-board gains after a revised 1.9% surge in the prior month.