#CPIUpdateOctober - The Consumer Price Index (CPI) update for October highlights the inflationary trends in the economy, reflecting changes in the average prices of goods and services. In October 2024, CPI rose by 3.6% year-over-year, slightly above market expectations, driven by increased costs in energy and housing sectors. Month-over-month, CPI saw a 0.3% increase, indicating a moderate but steady rise in inflation. Key contributors: Energy prices surged by 7.2%, influenced by rising crude oil prices.Housing costs increased by 4.5%, remaining the largest component in CPI gains.Food prices rose by 2.1%, showing slower growth compared to previous months. Core CPI, which excludes volatile food and energy prices, increased by 3.4% YoY, signaling persistent underlying inflation pressures. This data is closely monitored as it impacts Federal Reserve policy decisions. #CPIUpdate #Inflation #EconomicIndicators #MarketUpdate #BTC