US inflation rose 0.4% in October as price increases cooled and gas costs dipped
Summary
U.S. consumer prices rose 0.4% from September to October, slightly more than expected, while the pace of monthly inflation cooled from September. The Bureau of Labor Statistics did not report the usual annual inflation rate because it lacked October 2025 data collected during the government shutdown.Key Facts
- The monthly increase in the Consumer Price Index was 0.4% in October, down from 0.6% in September.
- The Bureau of Labor Statistics omitted the year-over-year inflation figure because it did not collect data in October 2025 during the government shutdown.
- Energy prices rose slightly in October, but by less than in September.
- The average gasoline price fell from $4.41 per gallon at the start of October to $4.22 by the end of the month, according to AAA.
- Diesel prices were nearly $2.50 per gallon higher than a year earlier but had declined since October.
- The Federal Reserve raised interest rates in September for the first time since 2023 and was expected to raise them again in December.
- The Fed's inflation target is 2%, and higher interest rates can slow price increases by making borrowing more expensive.
- Consumer sentiment rose slightly at the end of October as gasoline prices eased, while some consumers with large stock portfolios reported concerns about a possible AI bubble.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
