- The Consumer Price Index (CPI) rose 0.4% in October, the same reading as September.
- CPI increased 7.7% from a year ago, down from 8.2% in September.
- Consensus among economists was an 8.2% increase.
- The rate of price increases remained above 5% for the seventeenth straight month.
- Shelter, food, and gasoline indexes increased over the month.
- The core CPI, which excludes food and energy, rose 0.3% in October and is up 6.3% from the previous year – down from the 4-decade high in September.
- The energy index is up 17.6% and the food index is up 10.9% from the previous year.
- The Right Facts will continue to monitor CPI.