The consumer price index rose 0.4% in October, above economists’ 0.3% forecast, while core CPI increased 0.3%. The Bureau of Labor Statistics did not publish year-over-year inflation figures because last year’s government shutdown left no comparison base.
The Consumer Price Index rose 0.4% in October after increasing 0.6% in September, the Labor Department’s Bureau of Labor Statistics said. Economists had forecast a 0.3% monthly increase. The BLS did not publish year-over-year inflation readings because last year’s government shutdown prevented collection of October 2025 consumer price data.
Core CPI, which excludes food and energy, rose 0.3%, matching September’s increase and exceeding the 0.2% forecast. Financial markets fully priced in a 25-basis-point rate increase next month; the Federal Reserve left its benchmark rate at 3.75%-4.00% last month.
Inflation is running above the Fed’s 2% target. The article said higher oil prices linked to the US-Israeli war with Iran, alongside import tariffs implemented last year, had lifted living costs. Both CPI and the Fed-tracked Personal Consumption Expenditures Price Index were running above 3%.
