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Economic Data (USA)

Thursday, November 16, 2006

Consumer Price Index (CPI) for October, 2006

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October, 2006:

Predicted: -0.3%
Actual: -0.5%

Below is the CPI when food and energy are subtracted from the equation:

Predicted: +0.2%
Actual: +0.1%

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The above numbers represent the month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

General categories are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food & Beverages
  • Recreation
  • Miscellaneous Goods & Services (grooming expenses, etc.)

Click here to view the full Labor Department report



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