Market question: Annual inflation above 2.4% in October?
Category: Other
Tags: Inflation

This is a market about inflation over the 12 month period ending October 2024 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to “Yes” if the index increased by more than 2.4 percent over the 12 month period ending October 2024 and “No“ otherwise.

The resolution source for this market will be the BLS October 2024 Consumer Price Index report (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on November 13, 2024, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

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The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market (e.g. if inflation over the 12 month period ending in October before seasonal adjustment is 2.5%, this market will resolve to “Yes”, if it is 2.4%, this market will resolve to “No”).

Outcome: Yes