Harsh new inflation reality
Summary
U.S. consumer prices rose in October for a third straight month at a faster pace than expected, with gains across food, shelter, fuel and services. The Labor Department did not report an official annual inflation rate because a government shutdown prevented it from collecting October 2025 price data; estimates in the article put overall inflation at 4% and core inflation at 2.8%.Key Facts
- The headline Consumer Price Index rose 0.4% in October, after increasing 0.6% in September.
- Core CPI, which excludes food and energy, rose 0.3% for the third consecutive month.
- The article estimates that prices rose 4% over the 12 months through October and core prices rose 2.8%.
- Core prices increased at a 3.7% annualized pace over the three months through October, the fastest rate by that measure this year.
- Gasoline prices rose 1% in October, following a 9.1% increase in September.
- Grocery prices increased 0.4%, restaurant prices rose 0.5%, and shelter costs climbed 0.3%.
- Prices for services excluding housing, energy and food rose 0.4%, with increases in transportation, medical care and insurance.
- Inflation matched or exceeded wage growth for three consecutive months, reducing workers' purchasing power.
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