Inflation Nears 4 Percent as Grocery prices Rise and Gas eases

October inflation data indicate that average prices rose by 0.4 percent in a single month, translating to a 4.9 percent annualized pace. Over the past eleven months, prices have increased by 3.8 percent, while the consumer price index has risen by 4.1 percent since last September.

Fuel prices are no longer the primary driver of the current uptick. Core inflation, which excludes volatile food and energy costs, held steady at 0.3 percent, matching the high pace seen in the prior two months.

The data reflect a broader economic environment where inflation has picked up since the government shutdown began. These figures highlight how rising grocery costs are impacting ordinary consumers alongside easing gas prices.

Read the full story at National Review.