According to CoinMeta, both the overall and core inflation rates in the United States in October exceeded expectations, with overall prices rising by 0.4%. The consumer price index, excluding food and energy, rose by 0.3% from the previous month. Due to interruptions in data collection during the government shutdown last October, the Bureau of Labor Statistics did not release year-over-year comparisons. The report indicates that price pressures continue to increase ahead of this month's mid-term elections, and Democrats are focusing on the cost of living in their campaign, having regained control of both houses of Congress. This year, the Iran war, tariffs, and the boom in data centers have all contributed to inflation. This is the latest report before the Federal Reserve's policy meeting on December 8-9, and investors expect them to raise interest rates at that meeting to combat inflation. Federal Reserve governor Powell stated that if the core inflation rate rises by 0.3% or more, the Fed may need to raise interest rates by 50 basis points.