US consumer prices rose 0.4 percent in October

At a glance

The Consumer Price Index rose 0.4% in October, exceeding forecasts made by economists.1 2 4
The higher-than-anticipated inflation numbers complicate upcoming interest rate decisions by the Federal Reserve.1 2

Data from the Bureau of Labor Statistics shows that US consumer prices grew 0.4% in October.3 4

The rate of inflation was higher than most economists had anticipated.1 2 4

The persistent price pressures complicate Federal Reserve deliberations regarding potential interest rate increases.1 2

Where sources agree

Consumer prices rose 0.4% in October4 of 4
October inflation exceeded economist expectations3 of 4
Data was released by the Labor Department2 of 4
The report influences Federal Reserve interest rate plans2 of 4

Who covered this

4 National

Sources

1CBS NewsInflation remained elevated in October, CPI report shows ↗
2CNBCConsumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight ↗
3AxiosPrice pressures persisted in October ↗
4Washington ExaminerPrices posted sharp 0.4% increase in October, showing inflation threat ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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