President Trump is stepping up his effort to try to counteract the unease Americans feel with rising prices and his own handling of the issue.

Inflation declined in October for the first time since May, strengthening expectations that the Bank of England will cut its key rate next month.

For 40 years, Costco has had its inflation-defying $1.50 hot dog deal. It's more popular than ever now that America is facing an affordability crisis

The government could "tolerate stronger growth and higher inflation, allowing real interest rates to fall and the debt burden to shrink over time," JPMB says.

Inflation in the U.K. fell to a four-month low in October, raising expectations of another Bank of England interest rate cut next month.

Core CPI (which excludes food, energy, alcohol, and tobacco) increased 0.3% MoM in October 2025, weaker than 0.4% MoM in October 2024, and the annual rate slowed from 3.5% YoY in September to 3.4% YoY in October. It is also worth noting that the monthly rate was slightly below the consensus estimate of 0.4% MoM.

Economists polled by Reuters had expected a rate of 3.6% in the twelve months to October, down from 3.8% in September. Core inflation, excluding energy, food, alcohol and tobacco, rose by 3.4% in the year to October,

President Donald Trump’s problems with fixing the high cost of living might be giving voters a feeling of déjà vu.