US inflation rose 0.4% in October as gasoline prices edged lower
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The Bureau of Labor Statistics said US consumer prices rose 0.4% from September to October, slightly above expectations, while average gasoline fell from $4.41 to $4.22 a gallon. It did not publish a year-on-year CPI figure because October 2025 data were not collected during the government shutdown. Inflation has stayed above a 3% annualized pace since the Iran war began in late February, hitting 4.2% in May; September’s monthly CPI gain was 0.6%. Democrats won midterm control of Congress in a vote widely linked to anger over prices; JD Vance cited gas costs among Republican postmortem themes.
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