U.S. consumer prices rose a seasonally adjusted 0.4% in October, more than economists expected, the Bureau of Labor Statistics reported Tuesday, Nov. 10. Core CPI, which excludes food and energy, rose 0.3%.
Economists surveyed by Dow Jones had forecast a 0.3% headline increase and a 0.2% rise in core CPI, CNBC reported. Headline CPI had risen 0.6% in September, and core CPI was up 0.3% in both August and September, the BLS said.
What went up
The shelter index rose 0.3% and accounted for more than 30% of the monthly all-items increase. The food index rose 0.5%, and the energy index increased 0.7% after a 5.2% jump in September. The gasoline index was up 1%, while used cars and trucks fell 1.2%.
The BLS did not publish a 12-month inflation rate for October. It did not collect survey data for October 2025 because of a lapse in appropriations, so it could not calculate yearly changes for most indexes.
The Fed
CNBC reported that traders fully priced in a quarter-point rate increase at the Fed's Dec. 8-9 meeting after the report, and put the odds of a half-point hike at 13.6%. Stocks fell and Treasury yields jumped after the release. Related: Monday’s stock rally.