US Inflation Still Elevated, Price Increase Higher Than Expected: Analyst

In a recent report from the Labor Department, the consumer price index edged up by 0.4 percent last month, signaling a continued trend of rising costs for consumers. Over the past year through September, the CPI surged by 3.7 percent, with core prices, excluding food and energy, showing a year-on-year increase of 4.1 percent in September, highlighting the ongoing challenges faced by consumers in an inflationary environment.