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October CPI Rises 0.4% as Shelter Drives Over 30% of the Increase

Inflation rose 0.4 percent month over month in October. Shelter drove over 30 percent of the increase, food rose 0.5 percent, and energy cooled from a 5.2 percent September jump to 0.7 percent.

October CPI Rises 0.4% as Shelter Drives Over 30% of the Increase
Financial Gurkha News Desk·
CPIInflationBLSEconomy

NEW YORK, Nov 10 — The consumer price index rose 0.4% in October from September, the Bureau of Labor Statistics reported Tuesday, after a 0.6% rise in September. Core prices — excluding food and energy — rose 0.3%, the same pace as in August and September. The CPI-U index level stands at 337.511.

Where the increase is coming from#

  • Shelter: +0.3%, accounting for over 30% of the monthly all-items increase. Rent rose 0.2% and owners' equivalent rent 0.3%.
  • Food: +0.5% — food at home +0.4%, food away from home +0.5%. Meats, poultry, fish and eggs rose 0.5%; fruits and vegetables and dairy and related products each rose 0.6%.
  • Services: recreation +0.8%, transportation services +0.8%, motor vehicle insurance +0.7%, lodging away from home +0.6%, medical care +0.3%, education +0.3%.
  • Energy: +0.7% on the month — gasoline +1.0%, electricity +0.9%, fuel oil +2.0%, partly offset by piped gas service at −0.8%.

Where it has already cooled#

  • Energy's monthly pace fell from +5.2% in September to +0.7%; gasoline's fell from +9.1% to +1.0%.
  • Used cars and trucks swung from +0.7% in September to −1.2%, and are down 3.3% year over year.
  • Core goods (commodities less food and energy commodities) rose just 0.2%, and the communication index fell 0.1%.
  • Shelter's +0.3% is down from +0.4% in September and +0.6% in April.

Energy, year over year#

BLS did not publish a 12-month change for the energy index — October 2025 survey data was never collected during the lapse in appropriations, so most year-over-year rates do not exist this month, for headline or core. The one energy component with a published 12-month figure is gasoline: +37.4% year over year. The only other published 12-month changes in the release are new vehicles (+0.7%) and used cars and trucks (−3.3%).

The November CPI is scheduled for release on December 10 at 8:30 a.m. ET. Producer prices for October land Friday, November 13.

All figures are from the BLS October 2026 CPI release (USDL-26-1685). This brief is economic reporting, not financial advice.

Sources#

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