Forecasters, when converting the CPI and PPI indices to the PCE index, predict that core inflation has increased by 0.28% in October.

This will lead to:

• 12-month inflation rising to 2.8% (compared to 2.7% in September).

• Annualized inflation over 6 months rising to 2.4% (up from 2.3%).

• Annualized inflation over 3 months rising to 2.8% (up from 2.3%).

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