US Inflation Slows Down

US consumer inflation moderated in October, with the Consumer Price Index (CPI) rising 0.4% month on month after a 0.6% increase in September. Shelter costs climbed 0.3%, accounting for more than 30% of the overall monthly increase, while core inflation, excluding food and energy, also rose 0.3%, matching the pace recorded in August and September. Food prices increased 0.5%, driven by higher grocery costs, particularly snacks, meat, fruit and vegetables, and dairy products. Prices for meals away from home also advanced 0.5%. Energy prices rose 0.7%, slowing sharply from September’s 5.2% increase, as a 1% rise in gasoline and a 0.9% gain in electricity costs were partly offset by lower natural gas prices.

Recreation, medical care and motor vehicle insurance also became more expensive, while used cars and communication costs declined. The BLS said it could not calculate annual inflation rates for October because data for October 2025 were unavailable due to a government funding lapse. Source: Trading Economics

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