Bloomberg (10/22/14) Shobhana Chandra
The consumer-price index rose just 0.1% in September, according to the U.S. Department of Labor. Eighty-four economists polled by Bloomberg had forecast no change. The core measure, which excludes fuel and food costs, also rose 0.1%.
“Inflation remains fairly subdued,” says Millan Mulraine, deputy head of U.S. research and strategy at TD Securities LLC in New York. “A lot of it is because of falling gasoline prices. With wage growth remaining weak, there’s hardly any catalyst for price pressures. It’s a positive for consumer spending.”