The U.S economy released the CPI figures for the month of October, where the CPI dropped 0.08 compared to the 0.3 gained in September and below than flat estimate forecasted, while for the year ended October, CPI rose 3.5 percent from the prior estimates of 3.9 percent and below median estimates of 3.7 percent.

Core CPI jumped slightly by 0.14 percent in October from a 0.05 percent gained in September, while compared with year earlier, Core CPI came in line with forecast at 2.1 percent from 2.0 percent registered in September.