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October inflation exceeds forecasts, new data reveals

The cost of living continued to rise in October, according to data released Wednesday by the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI), which tracks the price of common goods and services including fuel, food, and housing, increased by 0.4% compared to September.

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Economists had anticipated a smaller increase of 0.3%.

The BLS was unable to provide an annual inflation rate due to a government shutdown that impacted data collection in October 2025.

Core inflation, which excludes fluctuating energy and food prices to provide a clearer picture of underlying trends, also surpassed expectations, rising 0.3% for the month. This figure was higher than the 0.2% increase economists had predicted.

Recent inflation has placed considerable strain on household finances across the United States, particularly impacting lower-income families who allocate a larger portion of their income to essential goods and services.

While energy prices saw a monthly increase of 0.7% in October, this represents a significant slowdown from the 5.2% increase in September and the 2.1% rise in August. Earlier in the summer, energy costs had decreased due to instability related to the Iran war.

Gasoline prices specifically rose by 1% in October, continuing a downward trend after increases of 9.1% in September and 3.9% in August.

Source

Fox BusinessOriginal report ·

“Consumer inflation rises faster than expected in October, CPI report shows”

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