US prices rise 0.4% in October, hotter than forecast, as bitcoin ETFs extend a run of outflows to about $1.5 billion since November 2

U.S. inflation came in warmer than expected in October. The Consumer Price Index rose 0.4% from September after seasonal adjustment, the Bureau of Labor Statistics said on Tuesday, down from 0.6% the month before. Prices excluding food and energy rose 0.3%. Economists polled by Dow Jones had forecast 0.3% and 0.2%, CoinDesk reported ahead of the release.

Energy prices rose 0.7% on the month, after a 5.2% jump in September, and food rose 0.5%. The report carries an unusual gap: the bureau could not publish most year-over-year rates, including the headline one, because it did not collect October 2025 data during a lapse in appropriations.

The figures land on a weak crypto market. U.S. spot bitcoin ETFs had $201 million of net outflows on Monday, CoinDesk reported, citing Farside Investors, with BlackRock's IBIT losing about $213 million, according to TokenPost. That takes outflows since November 2 to about $1.5 billion, and IBIT has now seen seven straight sessions of redemptions, CoinDesk said. Bitcoin was near $74,150 at 7:15 a.m. Eastern, shortly before the 8:30 release, CoinDesk said, even as the S&P 500 had its best day since April on Monday.