The latest Consumer Price Index (CPI) report shows prices rose 0.2% in September, which was more than the 0.1% Bloomberg consensus estimate. Year over year, prices rose 2.4% versus the 2.3% estimate. When stripping out the more volatile food and energy components, prices rose 0.3% month over month and 3.3% year over year, both higher than economists were expecting.

Morning Brief Anchors Seana Smith and Brad Smith break down the report in the video above.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Stephanie Mikulich.