U.S. October headline CPI likely increased by 0.2%

In the United States, the consumer price data for October is due today. Higher retail price and likely increase in core goods and services costs may cause the headline CPI to increase in the reference period. The motor fuel costs are likely to rise by 1.1%, which was 8.9% in Septeber, says Societe Generale. 

The price of electricity, esidential natural gas, and  heating oil is likely to fall down, therby, the CPI energy likely to be weak.

"Our projections, if accurate, would place the CPI 0.2% above the figure recorded in October 2014. The year-to-year growth of the core subindex, meanwhile, is expected to remain at 1.9%", estimates Societe Generale.