Partly reflecting a substantial rebound in energy prices, the Labor Department released a report on Wednesday showing U.S. consumer prices rose by slightly more than anticipated in the month of October.
The Labor Department said its consumer price index climbed by 0.4 percent in October after coming in unchanged in September. Economists had expected consumer prices to rise by 0.3 percent.
The bigger than expected increase in consumer prices came as energy prices spiked by 2.7 percent in October after tumbling by 1.4 percent in September.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.