U.S. Consumer Prices Climb 0.4% In October, More Than Expected

India, Nov. 10 -- Consumer prices in the U.S. increased by more than expected in the month of October, according to a closely watched report released by the Labor Department on Tuesday.

The Labor Department said its consumer price index rose by 0.4 percent in October after climbing by 0.6 percent in September. Economists had expected consumer prices to rise by 0.3 percent.

The report said prices for shelter grew by 0.3 percent in October, accounting for over thirty percent of the monthly increase by the headline index.

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Published by HT Digital Content Services with permission from RTT News....