According to CoinMeta, a report from the United States in October CPI shows that soaring inflation has affected transportation, food, and electronics, with overall price pressures being widespread rather than isolated spikes. In terms of transportation, urban transportation costs have increased by 6.6%, representing the largest increase since September 2020. For food, infant formula and milk powder have risen by 5.1% (a record high), margarine by 3.2%, sauces and gravies by 2.6%, butter and margarine by 2.0%, processed seafood by 1.8%, and poultry by 0.8%. In the electronics sector, television prices have increased by 3.3%, the largest increase since August 2021, while smartphone prices have risen by 1.4%, marking a record monthly increase for the unadjusted series. The ongoing inflation across multiple categories strengthens the case for further interest rate hikes.