U.S. Inflation Rose 0.4% in October, More Than Expected
- The BLS reported Tuesday that the consumer price index increased 0.4% in October, exceeding the 0.3% increase economists expected and signaling fresh warning signs for The Fed's inflation fight.
- Last year's government shutdown prevented The Bureau from collecting sufficient data in October 2025, leaving no year-ago figures available for comparison in this month's report.
- Stripping out volatile food and energy, core CPI increased 0.3% against a 0.2% forecast, while gas prices fell below $4 per gallon; Diesel prices, however, remained 70% higher than year-start.
- Federal Reserve governor Christopher Waller said earlier Tuesday that if core inflation rose 0.3% or higher, a 0.50% rate hike "should be considered" at December's meeting.
- Inflation has not hit The Fed's 2% target since early 2021, keeping the central bank on track to raise interest rates next month amid persistent price pressures.
352 Articles
352 Articles
As higher prices seep into broader economy, Fed officials consider faster hikes
WASHINGTON (AP) — More evidence this week of hot inflation in the U.S. was unpleasant news for the Federal Reserve, not to mention consumers: Rising prices may be spreading beyond the one-time shocks from tariffs and high gas prices into…
October Inflation Runs HOT at 0.4% — American Families Squeezed as Fed Eyes December Rate Hike
The Labor Department's October CPI report shows consumer prices rose 0.4% on the month, outpacing economists' forecasts and piling more pressure on households already battered by years of elevated costs.
Inflation runs hotter than expected as prices rise beyond gasoline
WASHINGTON — U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week’s midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve.
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