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US October CPI up 0.4%, beating forecasts

US October consumer prices rose 0.4% from the previous month, exceeding market expectations, according to the Labor Department's Bureau of Labor Statistics on Nov. 10. The gain was lower than September's 0.6% but above the 0.3% forecast compiled by Dow Jones, Yonhap and Chosun Ilbo report. Core CPI, excluding food and energy, rose 0.3%, matching September and surpassing the 0.2% estimate, Chosun Ilbo adds. The stronger-than-expected inflation data is seen as adding pressure on the Federal Reserve ahead of its December rate decision, Chosun Ilbo notes. Korean media outlets are highlighting the surprise as a sign that inflation concerns persist, with Yonhap reporting that the figure "exceeded market expectations" and fueled expectations of continued tightening.

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