Costs for goods and services rose more than expected in October, providing fresh warning signs for the Federal Reserve in its fight to lower inflation, the Bureau of Labor Statistics reported Tuesday.
The consumer price index, a broad gauge of costs across the U.S. economy, increased a seasonally adjusted 0.4% for the month. Economists surveyed by Dow Jones had been looking for a 0.3% increase.
Stripping out volatile food and energy, so-called core CPI increased 0.3% against the forecast for a 0.2% gain.
The BLS did not estimate a yearly rate. The government shutdown last year prevented the bureau from collecting sufficient data in October 2025, so there is no comparable figure to use.
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