The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October on a seasonally adjusted basis after rising 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.5 percent before seasonal adjustment. An increase in the gasoline index was responsible for over one-third of the seasonally adjusted increase in the all items index; advances in the indexes for shelter, used cars and trucks, and electricity also contributed. The increases in the gasoline and electricity indexes led to a 2.4-percent rise in the energy index. ... (full story)

An underlying measure of U.S. consumer prices picked up in October while trailing forecasts on an annual basis, offering mixed signs on inflation that will weigh on Federal Reserve discussions over the path of interest-rate increases. Excluding food and energy, the core consumer-price index rose 0.2 percent from the prior month, according to a Labor Department report Wednesday, the fastest gain in three months and in line with projections. The gauge rose 2.1 percent from October 2017, slightly short of the median estimate of economists for a 2.2 percent increase, which was also the gain in September. Inflation is ... (full story)