US consumer prices rise above expectations in October - Reuters

U.S. consumer prices rose 0.4 % in October, exceeding expectations as shelter and food costs jumped. The Labor Department’s CPI report highlighted higher-than‑forecast inflation, fueling political discontent and influencing midterm election dynamics. The increase was driven by a 1.2 % rise in housing rents and a 0.8 % surge in grocery prices, marking the largest monthly gain in six months. Analysts warn that persistent inflation may prompt tighter monetary policy from the Federal Reserve.