Business · Economy · 24 mins ago
US consumer prices rise 0.4% in October, above forecasts
US consumer prices rose 0.4% in October, slowing from September’s 0.6% increase but exceeding economists’ forecast of 0.3%.
The figures cover the United States and were released by the Labor Department’s Bureau of Labor Statistics.
Core prices, excluding food and energy, rose 0.3%, matching their monthly increases in August and September.
Housing costs rose 0.3% and food prices rose 0.5%, while energy prices rose more slowly than in September.
A federal shutdown left no October 2025 comparison data, so the bureau could not calculate many year-over-year inflation rates for October 2026.
Inflation remains above the Federal Reserve’s 2% target, and the report said both headline and core measures are above 3% where data are available.
Markets expected a 0.25-point Fed rate increase in December, though the central bank had not yet made that decision.
US consumer prices rose 0.4% in October, above economists’ forecasts of 0.3%.
Core prices, which exclude food and energy, rose 0.3%, also above forecasts.
The hotter-than-expected report strengthened expectations that the Federal Reserve will raise interest rates at its December meeting.
Some traders and policymakers are considering a 50-basis-point increase, rather than the usual 25 basis points.
The Bureau of Labor Statistics did not publish a year-over-year inflation measure because a government shutdown prevented data collection in October 2025.
- Who
- US consumers and the Federal Reserve. The inflation figures were reported by the Bureau of Labor Statistics.
- What
- Consumer prices rose 0.4% in October, above forecasts; core prices rose 0.3%.
- When
- October; the data were released on Tuesday, November 10, 2026.
- Where
- United States.
- Why
- Sources cite higher energy and food costs, the effects of the Iran war on energy prices, and import tariffs.
This story does not have two clearly opposing sides.
Consumer prices rose 0.6%, according to the reported comparison.
Consumer prices rose 0.4%, and core prices rose 0.3%.
The Bureau of Labor Statistics released the October inflation data.
The Federal Reserve is scheduled to hold its policy meeting, where traders expect a rate increase.
- Monthly CPI
- 0.4% in October
- Monthly core CPI
- 0.3% in October
- Economists’ CPI forecast
- 0.3%
- Fed inflation target
- 2%
- Fed rate before December meeting
- 3.75%–4.00%
10 sources
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What people are saying
Hiking only 25 basis points would put our credibility at risk; a risk I am not eager to take
Today’s inflation report is a warning shot. A December hike now looks locked in, with the upside surprise extending well beyond energy and into both core goods and services
It may be possible to move more rapidly this winter than the FOMC has moved so far this fall
The last consumer inflation update before the Fed’s early December meeting took on added significance this morning when Governor Christopher Waller indicated he would vote for a rate hike