US inflation rose 0.4% in October as gas prices dipped and cooling continued

US inflation rose 0.4% in October from September, slightly above expectations but marking a cooldown as gas costs dipped, according to new data released Tuesday. The Bureau of Labor Statistics omitted the usual year-over-year figure because data wasn't collected during the October 2025 government shutdown. Energy costs rose less than in September, while gas prices fell from $4.41 to $4.22 a gallon, though still over $1 higher than last year. The data follows Republican midterm losses widely attributed to voter frustration over high prices. The Federal Reserve, which raised rates in September for the first time since 2023, is expected to hike again in December, though inflation tied to energy may limit the impact.