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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Core Consumer Price Index climbed to 234.59 in October 2013
FMPMonthlyReleased October 2013
US Core Consumer Price Index climbed to 234.59 in October 2013, up 0.29 from September's 234.3 reading. The reading matched the 234.7 consensus.
Latest Release
234.59
Actual
234.7
Consensus
234.3
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Consumer Price Index (United States) was reported at 234.59 in October 2013. This missed the market consensus of 234.70 by 0.11. The reading rose from the previous value of 234.30. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
Auto-generated from current model state · Refreshes on each release · Last update October 2013.
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Core Consumer Price Index - US
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About Core Consumer Price Index — United States
DEFINITION
The Core Consumer Price Index (CPI) is a widely used economic indicator that measures the change in prices of goods and services purchased by consumers, excluding volatile items such as food and energy. It provides valuable insights into the overall inflationary trends in an economy and is used by policymakers, businesses, and investors to make informed decisions. The Core CPI is considered a more reliable measure of inflation as it excludes the impact of temporary price fluctuations, providing a more accurate picture of long-term price trends.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2013): actual 234.6, consensus 234.7. Prior reading (Sep 2013): 234.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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EXPECTED ZONE
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