Consumer prices rose 0.4% in October, more than expected, complicating Fed's inflation fight

Stronger than expected figure comes as last year’s government shutdown prevented data collection

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high pricesUS inflation rose 0.4% from September to October, a cooldown in price increases as the cost of gas dipped during the month.The Bureau of Labor…

The report comes at a critical juncture for the Federal Reserve as it considers its next move regarding interest rates.

Prices rose by 0.4% over the month, driven by increases in shelter, food and energy costs.

The latest data showed a moderation in monthly price pressures, although food, housing and medical care costs continued to increase

October inflation exceeded expectations, with rising costs for groceries, energy and services adding to household pressures.