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CPI inflation report: October 2026
CNBC • • general
Key Points:
- The consumer price index (CPI) rose 0.4% in October, exceeding economists' expectations of a 0.3% increase, signaling persistent inflation pressures.
- Core CPI, which excludes volatile food and energy prices, increased 0.3%, also above the forecasted 0.2% rise.
- The Bureau of Labor Statistics could not provide a yearly inflation rate due to last year's government shutdown affecting data collection.
- Energy prices rose 0.7% despite recent declines in gasoline prices, with gasoline up 1%, while food costs increased by 0.5%.
- The report highlights ongoing inflation challenges for the Federal Reserve as it deliberates on future interest rate adjustments.
