Inflation slows in October from the prior month

Latest reading: Consumer prices rose 2.8% in annual terms in October, following a 2.9% rise in the prior month. Relative to the prior month's data, there were reduced price pressures for food and non-alcoholic beverages (+0.3% in annual terms vs +1.7% in September), transportation (+1.7% vs +2.2% in September) and clothing and footwear (+3.1% vs +3.9% in September). In contrast, there were more notable price pressures for housing and utilities (+7.2% vs +3.2% in September) and restaurants and hotels (+6.9% vs +6.6% in September). Meanwhile, core consumer prices were up 3.8% in annual terms in October, following a 3.9% increase in the prior month. Finally, consumer prices rose 0.49% in October in month-on-month terms, following a 1.59% decline in the previous month.

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