🇺🇸 US Inflation Update: October CPI Rises from 2.4% to 2.6%

🟢 Monthly Increase: The Consumer Price Index (CPI) rose by 0.2% in October, bringing the annual inflation rate up to 2.6%, slightly above September’s 2.4%.

🟢 Core CPI Acceleration: Excluding food and energy, Core CPI rose by 0.3% for the month, reaching an annual rate of 3.3%, reflecting broader price pressures.

🟢 Shelter Costs Lead: With a 0.4% monthly increase, shelter costs were a primary driver of CPI growth, contributing to over half of the total inflation rise.

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