U.S. Inflation Rose 0.4% in October, More Than Expected
Gasoline prices fell in October, but shelter and food costs kept inflation above forecasts, strengthening expectations for another Federal Reserve rate hike.
- 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.
154 Articles
154 Articles
The rise in consumer prices (CPI) slowed modestly last month in the United States, to 0.4 per cent over a month after 0.6 per cent in September, reports the BLS government statistical office on Tuesday. Investors expected a further deceleration, 0.3% over a month in October, according to the consensus published by Trading Economics. The underlying inflation (excluding volatile food and energy prices) also disappointed: it remained stable at 0.3 …
Inflation ran hotter than expected last month, increasing affordability challenges
U.S. inflation was higher than expected last month in a sign that the rising prices that powered sweeping Democratic victories in last week’s midterm elections will continue to pose challenges for the White House and Federal Reserve
Inflation in the United States slowed last October to 0.4% on a monthly basis, compared to 0.6% in September, according to the United States Bureau of Labour Statistics, published today on Tuesday.
Consumer prices rose 0.4% in October, and it was more than the Feds expected but is anyone else surprised?
Costs for goods and services across the U.S. economy rose more sharply than anticipated in October, delivering a fresh setback to the Federal Reserve’s prolonged campaign to rein in inflation, according to a report from CNBC. The consumer price index increased a seasonally adjusted 0.4% for the month, the Bureau of Labor Statistics reported Tuesday. […]
According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) had a monthly increase of 0.4% in October, surpassing market forecasts that indicated an increase of 0.3%.
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