Key Points
- The consumer price index rose by 2.6% in October 2024 versus a year earlier, the Bureau of Labor Statistics said. That’s up from 2.4% in September.
- Gasoline prices declined and grocery inflation remains low. But CPI housing inflation remains stubbornly high. Other categories, such as auto insurance, remain elevated.
- Some of President-elect Donald Trump’s policies are likely to be inflationary, if enacted, economists said.