October CPI comes in below expectations

The latest Consumer Price Index missed to the downside at 3.2 percent year-over-year, as we were expecting a reading of 3.3 percent.

The Food Index increased 0.3 percent in October, while the Energy Index fell 2.5 percent month-over-month.

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The National Milk Producers Federation’s Alan Bjerga joined us on the Market Day Report to express disappointment in the decision and share what it means for U.S. dairy producers.