Consumer prices increased 0.4% in October, higher than expected

Inflation ticked higher in October, with prices rising four-tenths of a percent. That's slightly above economists' expectations. Food prices rose half a percent, while energy costs were up seven-tenths of a percent. Shelter costs also climbed, accounting for more than 30 percent of the monthly increase. The report does not include a year-over-year inflation figure. We don't have the October number for 2025 because of last year's government shutdown.