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A measure of inflation that leaves out volatile items like food and energy.
Because food and fuel prices swing wildly due to weather or geopolitics, core inflation offers a clearer picture of underlying price trends. Central banks often look at it to make interest rate decisions.
Consumer prices rose faster than expected in October, lifting core inflation by 0.3% and increasing expectations of higher Federal Reserve interest rates.
China's producer prices expanded at their quickest pace since mid-2022, but consumer inflation dropped to 0.7% amid soft domestic demand.
Upcoming earnings from cloud and infrastructure providers will test investor confidence following a turbulent week of market sell-offs.