New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices

US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month.

The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in October 2025 during the government shutdown.