Consumer Price Index data for October showed that inflation came in hotter than expected as costs rose across a wide range of essential goods and services, including food, rent, and medical care.

The Consumer Price Index rose 0.4% in October from a month earlier, higher than the 0.3% economists were expecting but below September's 0.6% gain, according to Labor Department data released on Tuesday. "Core" inflation, which strips out volatile food and energy prices, rose 0.3%, coming in ahead of the 0.2% economists were expecting to match September's levels.

October's report didn't include annual inflation figures because the Bureau of Labor Statistics was unable to publish ...