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Inflation expected to have ticked down in October amid falling gas prices

1 Minute ReadInflation expected to have ticked down in October amid falling gas prices

(Yahoo Finance) On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: October’s Consumer Price Index (CPI).

The report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.3%, deceleration from September’s 3.7% annual gain in prices, according to estimates from Bloomberg. Over the prior month, consumer prices are expected to have risen 0.1% in October, a slower clip than September’s 0.4% monthly increase.

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