US inflation rose 0.4% in October as price increases cooled and gas costs dipped

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…