State Street PriceStats: Inflation’s unwelcome encore -->

US inflation is reaccelerating, with State Street’s high-frequency PriceStats measure pointing to a return toward the May peak and broader pressure beyond energy.

• The PriceStats index rose 0.3 percent in October on a non-seasonally adjusted basis, after a 0.6 percent increase in September.
• October’s monthly increase was twice the rate typically recorded for that month, lifting annual inflation by 0.2 percentage points to 5 percent, matching the four-year high reached in May 2026.
• Official data will arrive with unusual delays because the 2025 government shutdown prevented the Bureau of Labor Statistics from collecting October 2025 prices. The next release will provide a monthly reading but no annual inflation rate.
• Food and beverage, household equipment, and electronics recorded above-average price gains in October as energy inflation eased, suggesting that energy costs are spreading into broader and core inflation.
• PriceStats collects daily online prices from more than 1,500 retailers, covers over 40 million products, and uses more than 500,000 daily prices compared with 80,000 monthly prices in the BLS dataset.

Takeaway: State Street’s data point to persistent US inflation approaching its May peak, with wider price pressures that investors and policymakers can monitor before the delayed official releases.