US consumer prices rise 0.4% in October, hotter than expected
US consumer prices rose 0.4% in October, above the 0.3% economists expected, and core prices rose 0.3%, the Bureau of Labor Statistics reported.
US consumer prices rose a seasonally adjusted 0.4% in October, more than the 0.3% economists surveyed by Dow Jones expected, the Bureau of Labor Statistics reported on Tuesday. Core CPI, which excludes food and energy, rose 0.3% against a forecast of 0.2%, CNBC reported.
The energy index rose 0.7% and gasoline 1.0% seasonally adjusted, although gasoline prices fell before adjustment. Food prices rose 0.5%, shelter 0.3% and transportation services 0.8%, while used cars and trucks fell 1.2%.
The bureau did not publish an annual inflation rate, because the government shutdown last year prevented it from collecting enough data for October 2025. The Guardian noted that inflation has been above an annualized 3% since the Iran war began in late February.
The data comes as the Federal Reserve weighs its next move. At its October meeting, officials voted 10-2 to hold the benchmark rate at 3.75%-4%, CNBC said. The next CPI report is due on 10 December.