With energy prices showing a notable decrease, the Labor Department released a report on Wednesday showing an unexpected drop in consumer prices in the month of October.
The Labor Department said its consumer price index edged down by 0.1 percent in October after rising by 0.2 percent in September. The drop came as a surprise to economists, who had expected consumer prices to come in unchanged.
Meanwhile, core consumer prices, which exclude food and energy prices, inched up by 0.1 percent for the third straight month. Economists had expected core prices to rise by 0.2 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.