U.S. energy inflation rose for the third consecutive month in October, although the increase was significantly smaller than in September, it still maintained a positive pull and did not turn negative due to the decline in oil prices as the market had previously expected. Data from the U.S. Bureau of Labor Statistics showed that seasonally adjusted energy inflation rose 0.7% month-over-month in October (compared to 5.2% in September); specifically, energy commodity inflation rose 0.8% month-over-month (compared to 9.3% in September), gasoline inflation rose 1.0% month-over-month (compared to 9.1% in September), and fuel oil inflation rose 2.0% month-over-month (compared to 15.3% in September).
