Key Facts:

• The CPI-U rose 0.2% in October, with a 12-month increase of 2.6%.
• Shelter index rose 0.4%, contributing significantly to the overall CPI increase.
• Food prices grew by 0.2% in October, with varying increases between food at home (0.1%) and away from home (0.2%).
• Energy index was stable in October but declined 4.9% over the year.
• Core CPI (excluding food and energy) rose 0.3% in October and 3.3% year-over-year.

The BLS reported this morning that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% on a seasonally adjusted basis, in October. Over the past year, the CPI increased by 2.6%. Shelter costs, which rose by 0.4%, drove over half of the monthly increase, while food prices climbed 0.2%, with food-at-home up by 0.1% and food-away-from-home by 0.2%. The energy index remained unchanged in October following a 1.9% drop in September. Excluding food and energy, the index grew 0.3%, reflecting gains in shelter, used vehicles, and medical care.