expense boost in the US picked up last month, as advancement toward stabilising prices appeared to stall.

customer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs, the Labor Department said.

That marked a slight uptick from 2.4% the month before.

The latest figures added to investing that the US central financial institution might not lower rates as much as had been expected in the months ahead.

The Federal safety net wants to view expense boost, the rate at which prices rise, fall back to about 2%.

It started cutting gain rates in September, noting the significant advancement since June 2022, when prices were surging at a rate of more than 9%.

But analysts are warning of recent risks, as President-elect Donald Trump promises a mix of levy cuts, tariffs and migrant deportations that some declare are likely to keep pressure mounting on businesses and consumers.

“While substantial advancement has been made in the fight against elevated expense boost, the ‘last mile’ is proving more challenging,” said Josh Jamner, property way analyst at ClearBridge Investments.

Mr Jamner said he did not expect to view significant economy shifts as a outcome of the latest data, which were in line with expectations.

Prices advanced 0.2% from September to October, the same pace as in the previous three months.

“While US expense boost coming in line with expectations means no nasty surprises for markets, the real quandary for the Federal safety net is what do they do with rates from this point,” said Lindsay James, property strategist at Quilter Investors.

worth increases in recent years have caused significant community concern, helping Trump to win in the presidential election this month.

Over the last 12 months, housing costs, including rents, rose 4.9%, the Labor Department said. In part because housing is heavily weighted in the US worth index, that accounted for the majority of expense boost over the history year.

Other large contributors included car insurance, which is up more than 14% from a year ago, as well as medical worry and education, according to the update.

Prices for petrol, which have dropped 12% over the last year, mark the major exception to the overall rise in living costs.