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Ben Casselman: U.S. consumer prices rose 0.4% in October

Ben Casselman: U.S. consumer prices rose 0.4% in October
U.S. consumer prices up 0.4% in October

U.S. consumer prices rose by 0.4% in October.

Ben Casselman reported that an official year-over-year figure was unavailable due to the government shutdown last October but indicated it was approximately 4.0%. Excluding food and energy, prices rose 0.3% month-over-month and 2.8% year-over-year.

In September, U.S. inflation rose 3.7% year-over-year, with core prices up 3.4%, according to Ben Casselman's reporting in a previous article. Casselman has also noted that it remains difficult to draw clear conclusions on economic effects due to ongoing uncertainty around artificial intelligence, as discussed in a separate report. These factors continue to shape the outlook for consumer prices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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