US INFLATION SURGE HITS TRANSPORTATION, FOOD AND ELECTRONICS October's hot CPI report reveals broad-based price pressures rather than isolated spikes. 🔸 Transportation: Intracity fares +6.6%, the biggest increase since September 2020. 🔸 Food: Baby food and formula +5.1% (record high), margarine +3.2%, sauces and gravies +2.6%, butter and margarine +2.0%, processed seafood +1.8%, and poultry +0.8%. 🔸 Electronics: Televisions +3.3%, the largest increase since August 2021, and smartphones +1.4%, a record monthly rise in the unadjusted series. Persistent inflation across multiple categories strengthens the case for further Fed rate hikes.