Making Financial Headlines · Page 10
Inflation Forecast Miss Measures One-Tenth of a Point
· New York time
September's US annual inflation rate of 3.7% exceeded the 3.6% Dow Jones consensus forecast by 0.1 percentage point. That forecast gap is different from the total increase in consumer prices. The distinction separates the surprise from the underlying burden. Prices rose 3.7% over the year, not merely by the amount economists failed to anticipate. Forecast accuracy and household purchasing pressure occupy different columns. The prediction missed by a tenth of a point. The receipt, indifferent to the forecasting competition, still requests the full amount.
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