US inflation eases on falling energy prices

US consumer prices rose for a third straight month in October but at a slower pace than recent months as energy prices eased, government data released Thursday showed.

The Labor Department reported its consumer price index edged up 0.1 percent from September, in line with analyst estimates.

The CPI had climbed 0.6 percent in September and August on the back of a sharp rise in energy prices.

But in October energy prices fell 0.2 percent, led by declines in gasoline and natural gas prices.

Food prices rose 0.2 percent, with the numbers indicating more consumers were eating at home.

Shelter prices, which include the price a homeowner would pay to rent his or her home in a competitive market, increased 0.3 percent, their largest increase since September 2011.

Shelter increases accounted for more than half the rise in the CPI, the department said.

Excluding food and energy prices, core inflation rose 0.2 percent.

On a 12-month basis, consumer prices were up 2.2 percent from October 2011, their highest level since April, compared with 2.0 percent in September, and core CPI was unchanged at 2.0 percent.

The kept the inflation rate hovering around the Federal Reserve's 2.0 percent target considered acceptable for price stability.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2572-0.0009-0.07%
    USDSGD=X
    1.7399-0.0003-0.02%
    EURSGD=X
    2.1132-0.0006-0.03%
    GBPSGD=X
    81.3265+0.0344+0.04%
    SGDJPY=X
    6.1672+0.0045+0.07%
    SGDHKD=X
    2.6009+0.0026+0.10%
    SGDMYR=X
    9,202.7354-53.291-0.58%
    SGDIDR=X
    4.9750+0.0081+0.16%
    SGDCNY=X
    1.1655+0.0003+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.60+3.00+0.23%
    GCM14.CMX
    19.58-0.11-0.55%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.24%
    HGK14.CMX
    101.57-0.37-0.36%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    0.122-0.001-0.81%
    B22.SI
    1.16+0.010+0.87%
    U6C.SI
    1.335-0.020-1.48%
    G13.SI
    1.255+0.040+3.29%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.725+0.055+8.21%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.145-0.009-5.84%
    5GD.SI
    0.15-0.009-5.66%
    5EL.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.010-3.23%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI