The Consumer Price Index dropped to 7.7% in October compared to an 8.2% annual rate in September, the Labor Department announced Thursday. The October rate was slightly better than the 7.9% level Marketplace reported economists had expected. 

Used car and truck prices have eased to a CPI of 2%, while new vehicles are up 8.4% year-over-year. CPI for shelter is 6.9%, with food up 10.9% and food at home up 12.4%. 

The month-over-month CPI rate was 0.4%.

--Todd Lassa