The Consumer Price Index, a key measurement of inflation, rose 2.5% in October from a year earlier, more than the prior month's 2.3% year-over-year gain, the Labor Department said on Wednesday.

Between the lines: More expensive gas was largely responsible for the increase, the Labor Department said, but excluding energy and food costs inflation actually fell from the prior month on a year-over-year basis. Meanwhile, Wall Street Economist Joseph LaVorgna tweeted that he thinks inflation could fall next month due to the recent decline in oil prices, potentially giving the Federal Reserve a reason to rethink its interest rate hike path.

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Trump's summer shakeup

Photo: Drew Angerer/Getty Images

President Trump demoted campaign manager Brad Parscale and replaced him with his deputy, hours after a brutal new round of polls showed Trump losing five of six swing states — and sinking into a double-digit hole nationally.

Why it matters: Trump's announcement — on Facebook, in the midst of a Twitter outage — shows that he knows he's losing.

29 mins ago - Technology

Twitter's big hack bares broad dangers

Illustration: Rebecca Zisser/Axios

Twitter's major security incident Wednesday — in which hackers took over the accounts of Joe Biden, Barack Obama, Elon Musk, Bill Gates and other notable figures to push a cryptocurrency scam — stunned the worlds of politics and tech.

Why it matters: As bad as Wednesday's rampage was — and it was bad — the real fallout came as business leaders, politicians and everyday users realized that their chosen network for real-time information is even more vulnerable to being hijacked than they thought.

The burden on teachers

Illustration: Aïda Amer/Axios

The debate over whether and how much to re-open schools in the fall has put teachers in the precarious position of choosing between their own safety and the pressures from some parents and local officials.

Why it matters: Teachers are the core of K-12 education. The people we depend on to educate our society's children may end up bearing the brunt of both the risk and the workload.