Source: Honolulu Star-Advertiser
“U.S. consumer prices increased more than expected in October amid higher costs for food and accommodation, cementing expectations that the Federal Reserve will raise interest rates next month. The Consumer Price Index report from the Labor Department today also showed a strong buildup of underlying inflation pressures for a third straight month. It followed data last week showing the labor market regained momentum in October. … The CPI increased 0.4% last month after advancing 0.6% in September, the department’s Bureau of Labor Statistics said. It was the third consecutive month of gains of 0.4% or more. Economists polled by Reuters had forecast the CPI would climb 0.3% over the month.” (11/10/26)