OAN’s&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 3:20 PM – Wednesday, November 13, 2024 The October Consumer Price Index (CPI) report shows a 0.2% monthly rise in inflation, with a 2.6% year-over-year increase, slightly above September’s 2.4% rate. Core CPI, which excludes food and energy, rose by 0.3% for the month and 3.3% annually. These figures match economists’ forecasts. The report follows the Federal Reserve’s recent quarter-point interest rate cut—its second cut this year—as inflation remains above its 2% target. Joining Alicia Summers is Jeffrey Small, President of Arbor Financial, to discuss this latest increase and the ongoing inflation battle. <figure class="wp-block-video"><video autoplay="" controls="" loop="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/8d19ced4-3a37-47a3-bfa8-3d946a3b7ef4/mp4/e71141d7-69c8-4d36-b766-6fb9fc3af876_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

The October Consumer Price Index (CPI) report shows a 0.2% monthly rise in inflation, with a 2.6% year-over-year increase, slightly above September's 2.4% rate. {ai:summary}The October Consumer Price Index (CPI) report indicates a 0.2% monthly rise in inflation and a 2.6% increase year-over-year, slightly higher than September's 2.4%. Core CPI rose by 0.3% for the month and 3.3% annually, aligning with economists' expectations.This report comes after the Federal Reserve's recent quarter-point interest rate cut, marking its second reduction this year, as inflation continues to exceed the 2% target. #economy

October CPI Report Shows Inflation Continues to Climb as Fed Fights to Keep Rates Steady

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