CNBC Breaks Down October US CPI: Shelter Contributes Over 30% of Gains, Food Rises 0.5% MoM
According to CNBC, citing data from the U.S. Bureau of Labor Statistics, the shelter index rose 0.3% month-over-month in October, accounting for over 30% of the month's total CPI increase. Food prices increased by 0.5%, and gasoline rose 1%, which is lower than September's 9.1% surge in gasoline prices. The seasonally adjusted headline CPI rose 0.4% month-over-month, slowing from 0.6% in September but coming in above expectations of 0.3%. Due to a data gap for October 2025 caused by a government shutdown during the same period last year, this report did not release an official year-over-year inflation figure.
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