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US prices rose 0.4% in October as petrol costs eased
US inflation rose 0.4% from September to October, a slower monthly increase than September’s 0.6%, as gas prices eased. The figures matter politically after Republicans’ midterm losses were widely viewed as reflecting voter frustration with high prices, and as the Federal Reserve considers further interest-rate rises.
The Bureau of Labor Statistics did not provide the usual annual inflation rate because it lacked October 2025 data, which was not collected during a government shutdown. Gas averaged $4.22 a gallon by the end of October, down from $4.41 at the start, but remained more than $1 higher than a year earlier; the pump price later fell below $4. Inflation has been above an annualised 3% since the Iran war began in late February, while the Fed’s target is 2%.
In short
- US prices rose 0.4% in October.
- Monthly inflation cooled from September’s 0.6%.
- Gas eased, but remained well above last year’s price.
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Originally published by The Guardian as “US inflation rose 0.4% in October as price increases cooled and gas costs dipped”.