Our AI-Generated CPI Forecasts: October 2024
By Big Data Federation, Inc.
October 2024 US CPI numbers will be issued tomorrow.
OdinUltra is forecasting:
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Headline inflation to be 2.58% YoY (+/- 0.20%) for October 2024, an increase compared to last month.
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Core inflation to be 3.42% YoY (+/- 0.16%) for October 2024, an increase compared to last month.
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Leveraging our high-frequency data, we model individual components of CPI in addition to the overall headline and core index.
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Energy to be -6.86% YoY
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Food to be 2.15% YoY
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Rent of Shelter to be 5.06% YoY
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Medical Care Services to be 3.73% YoY
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Transportation Services to be 7.12% YoY
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Transportation Commodities to be -1.78% YoY
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Clients can access the above information live daily via the Macro Forecasts screen.
To learn more, you may request a trial at OdinUltra.
Published by Big Data Federation · All insights · Subscribe to Insights