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US consumer prices rise briskly for third straight month

US consumer prices rise briskly for third straight month

By Lucia Mutikani WASHINGTON, Nov 10 (Reuters) - US consumer prices increased more than expected in October amid higher costs for food and accommodation, cementing expectations that the Federal Reserve will raise interest rates next month.

US consumer prices expected to have risen at slower pace in October

US consumer prices expected to have risen at slower pace in October

By Lucia Mutikani WASHINGTON, Nov 10 (Reuters) - US consumer prices likely increased at a moderate pace in October, but inflation probably remained stubbornly high, leaving the Federal Reserve on course to raise interest rates next month.

Fed officials open door to a half-point hike after inflation beats expectations

Fed officials open door to a half-point hike after inflation beats expectations

By Howard Schneider WASHINGTON, Nov 10 (Reuters) - Odds the US Federal Reserve may raise interest rates half a percentage point at its December meeting jumped on Tuesday after new data showed prices rising faster than expected and policymakers opened the door to a quicker pace of rate hikes.

US consumer prices rise above expectations in October

US consumer prices rise above expectations in October

By Lucia Mutikani WASHINGTON, Nov 10 (Reuters) - US consumer prices increased more than expected in October, leaving the Federal Reserve on course to raise interest rates next month.

U.S. Inflation Exceeds Expectations in October, Fueling Federal Reserve Rate Hike Speculation

U.S. Inflation Exceeds Expectations in October, Fueling Federal Reserve Rate Hike Speculation

U.S. consumer inflation rose by 0.4% in October, surpassing economists' expectations of a 0.3% increase, according to the Bureau of Labor Statistics (BLS). Core inflation, which excludes volatile food and energy prices, also rose by 0.3%, slightly above the 0.2% estimate. The BLS was unable to provide annual inflation figures due to a government shutdown in October 2025 that disrupted data collection. Energy prices saw a monthly increase of 0.7%, a significant slowdown from September's 5.2% rise, with gasoline prices up 1%. However, food prices increased by 0.5%, the largest monthly gain since April, driven by rises in meats, poultry, fish, beef, veal, eggs, fruits, and vegetables. Housing prices also increased by 0.3%. This broad-based inflationary pressure has led economists to anticipate a Federal Reserve interest rate hike in December.

What got more expensive for US consumers in October?

What got more expensive for US consumers in October?

By Dan Burns Nov 10 (Reuters) - US consumer prices rose more than expected in October, prompting financial markets to pile into bets the Federal Reserve will have to respond aggressively with interest rate increases to rein in inflation.

U.S. Inflation Data to Influence Federal Reserve's December Interest Rate Decision

U.S. Inflation Data to Influence Federal Reserve's December Interest Rate Decision

U.S. Inflation Data to Influence Federal Reserve's December Interest Rate Decision

Inflation ran hotter than expected last month, underscoring affordability challenges

Inflation ran hotter than expected last month, underscoring affordability challenges

U.S. inflation was higher than expected last month in a sign that the rising prices that powered sweeping Democratic victories in last week’s midterm elections will continue to pose challenges for the White House and Federal Reserve

October U.S. Inflation Expected to Cool, Driven by Steadying Energy Prices

October U.S. Inflation Expected to Cool, Driven by Steadying Energy Prices

October U.S. Inflation Expected to Cool, Driven by Steadying Energy Prices

U.S. Inflation Expected to Decelerate in October, Core Measures Soften

U.S. Inflation Expected to Decelerate in October, Core Measures Soften

U.S. inflation is projected to show a slower pace of increase in October, following two months of higher-than-anticipated price gains for consumers. According to a Bloomberg survey of economists, the Consumer Price Index (CPI) is expected to rise by 0.3% in October, a decrease from the 0.6% increase observed in the previous month. The core CPI, which excludes volatile food and energy components, is also anticipated to soften to a 0.24% increase, down from 0.33% prior. This projected moderation is attributed to slower price gains in both goods, including used cars and consumer electronics, and services, where owners' equivalent rent saw a reduction from a September spike. Despite this expected slowdown, the Producer Price Index (PPI) for October is forecast to accelerate to 6.6% year-over-year, marking the steepest annual increase in nearly four years, indicating persistent inflationary pressures for businesses.

US consumer prices increase strongly for third straight month in October

US consumer prices increase strongly for third straight month in October

By Lucia Mutikani WASHINGTON, Nov 10 (Reuters) - US consumer prices increased more than expected in October, driven by higher costs for food and accommodation, leaving the Federal Reserve on course to raise interest rates next month.

U.S. Inflation Remains Stubbornly High, Driven by Food, Energy, and Housing Costs

U.S. Inflation Remains Stubbornly High, Driven by Food, Energy, and Housing Costs

U.S. inflation remained stubbornly high last month, with the Consumer Price Index rising four-tenths of a percent. This increase was primarily driven by higher costs for food, energy, and housing. Housing costs alone climbed three-tenths of a percent, accounting for approximately one-third of the larger-than-expected monthly increase. Economists now project that inflation will run at about 4% for the year, which is outpacing wage growth and placing significant financial strain on American households. Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, described the report as 'distressing' and noted that services inflation, including healthcare, is not decreasing, indicating a persistent inflation issue.