Did your cost of living decline???? Sure doesn’t feel like mine did.
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U.S. Consumer Prices Fell 0.1% in October; Core Rate Rose 0.1%
The cost of living in the U.S. unexpectedly fell in October for the first time in four months, a sign that inflationary pressures may be starting to recede.
The consumer-price index declined 0.1 percent from the prior month after a 0.3 percent rise, a report from the Labor Department showed today in Washington. The so-called core rate
that excludes volatile food and fuel costs rose 0.1 percent, matching September as the smallest gain this year.
Receding raw-material costs compared with earlier this year may make it easier for some retailers to hold the line on prices as they compete for consumers coping with stagnating incomes
entering the holiday shopping season. Less inflation also gives Federal Reserve officials more leeway to take additional measures should the economy falter.
The median forecast called for no change in the consumer price index, according to a Bloomberg News survey. Estimates of the 86 economists surveyed ranged from a decline of 0.2 percent
to a 0.3 percent gain. Economists projected a 0.1 percent gain in core prices, according to the survey median. Overall consumer prices increased 3.5 percent in the 12 months ended October.
The core CPI climbed 2.1 percent from October 2010. Fed policy makers aim for long-run overall inflation of 1.7 percent to 2 percent, according to their Nov. 2 forecast.
Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
One City Plaza, 7th Floor
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