The Labor Department reported U.S. consumer prices rose 0.4% in October
U.S. consumer prices rose 0.4% in October, more than economists expected but slower than September’s 0.6% increase, the Labor Department reported Tuesday. The department did not publish a year-over-year inflation rate because the 2025 government shutdown left it without October 2025 price data for comparison.
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Core prices, which exclude food and energy, rose 0.3%, matching September’s increase, NBC News reported. Economists had expected a 0.2% rise in core prices, the outlet said. Energy prices eased during October, NBC News reported, but diesel fuel prices were 70% higher than at the start of the year.
USA Today said forecasters suspected October’s slowdown would not prevent higher borrowing costs, as the Federal Reserve considers another interest-rate increase in December.
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Reporting behind this story
- USA Today — CPI shows inflation eased in October, but no annual comparison. Why?
- CNN — Inflation rose 0.4% last month, more than expected
- The Wall Street Journal — Monthly Inflation Slipped to 0.4% in October, but Remains Higher Than Expected
- NBC News — Inflation posts slowest rise in three months as gas prices drop
- CBS News — Inflation remained elevated in October, CPI report shows
- NBC 6 South Florida — Inflation rose more than expected in October, but gas prices drop