CPI & Inflation for October 2013

Bottom line: The October CPI rose 0.3%, much more than the consensus forecast of 0-0.1%. However, other than highlighting yet again the inability of the forecasters to handle the fluctuations stemming from seasonal factors, the latest data have no long-term significance. But they are sufficient to neutralize the yammering on the part of some analysts for another interest rate cut […]

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