Inflation remained elevated in October, CPI report shows
Summary
The Consumer Price Index rose 0.4% in October 2026, above economists’ 0.3% forecast. The Labor Department did not report the annual inflation rate because the 2025 government shutdown left it without October 2025 price data for comparison.Key Facts
- The Labor Department reported that consumer prices rose 0.4% from September to October.
- Economists surveyed by FactSet had forecast a monthly increase of 0.3%.
- Shelter costs rose 0.3% and accounted for more than 30% of the monthly increase in the overall index.
- Energy prices rose 0.7% in October, down from a 5.2% increase in September.
- The article says gasoline prices had been falling as stations switched to winter fuel and summer travel declined.
- The national average gasoline price fell below $4 per gallon on Tuesday for the first time in nearly four months, according to AAA.
- The Labor Department could not calculate the year-over-year inflation rate because it lacked October 2025 consumer price data.
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