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

In brief

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high pricesUS inflation rose 0.4% from September to October, 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 measures the price of a basket of goods…