{
  "id": 19341265,
  "title": "Price pressures persisted in October",
  "url": "https://urgent.news/2026/11/10/price-pressures-persisted-in-october",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-10T14:07:32.000Z",
  "source": {
    "name": "Axios",
    "slug": "axios",
    "url": "https://www.axios.com/2026/11/10/cpi-october-inflation-fed"
  },
  "original_language": "en",
  "account": "Inflation remained strong in October, according to the latest data from the Bureau of Labor Statistics released on Tuesday. Despite a slight leveling off in gasoline prices, inflation pressures persisted across other areas. The Consumer Price Index (CPI) increased by 0.4% in October, a slight deceleration from the 0.6% rise in September. Gasoline prices rose by 1% in October, a significant slowdown from the 9.1% surge in September. Core CPI, which excludes volatile food and energy prices, climbed by 0.3% for the third consecutive month. Higher prices for recreation, medical care, car insurance, and airline fares contributed to this increase. The Labor Department has not yet published year-over-year inflation rates for October, but based on assumptions, the annual inflation rate could be around 4% or 2.8% excluding food and energy, compared to September's 3.7% or 2.6% excluding food and energy. This inflation report will be crucial in shaping the Federal Reserve's interest rate decision next month. Fed Governor Christopher Waller suggested a potential half-point rate hike next month if core inflation rises by at least 0.3% in October, which was confirmed by the October data. The yield on the two-year Treasury note increased significantly following Waller's comments and the CPI report. Inflation has been a significant concern, especially as nearly nine in 10 voters cited the cost of living as a crucial or major factor in their vote during the recent midterm elections. Democrats, who campaigned on lowering prices for essentials, now face the challenge of delivering on these promises amidst persistent price increases.",
  "summary": "Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios Inflation remained hot in October, according to data from the Labor Department released on Tuesday. Why it matters: The Consumer Price Index shows that even as gasoline prices steadied, inflation pressures elsewhere remained stubborn. By the numbers: CPI rose 0.4% last month, slowing from the 0.6% increase in September. Gasoline…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Home listings are piling up in October, but price cuts are close to last year's level",
        "url": "https://urgent.news/2026/11/09/home-listings-are-piling-up-in-october-but-price-cuts-are-close-to",
        "published": "2026-11-09T14:25:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}