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October inflation expected to show mild bump up despite longer-term downward trend

  • Economists expect the consumer price index to rise to 1.9 percent in October, up from 1.6 percent in September, as reported by Reuters.
  • The increase indicates a temporary bump in the downward trend of inflation and is largely tied to energy costs.
  • The trend of progressively easing inflation pressures remains, with the expected headline near two percent, and reflections of a possible inflection point are noted.
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