US consumer prices rise in October
The gist
US consumer prices rose 0.4% in October, down from September's 0.6% but above the 0.3% economists forecast.
No annual rate was published, and the reading keeps a December Fed rate hike in play.
How it unfolded
- Nov 6, 2026The Labor Department estimated average hourly earnings for private nonfarm employees rose 0.4% last month.
- Nov 9, 2026Alternative data provider Truflation estimated consumer prices rose 3.8% year-on-year and 0.3% month-on-month in October, with core at 2.8% year-on-year.
- Nov 9, 2026Numerator's Consumer Goods Price Index showed everyday household goods up 0.6% in October and 2.7% versus a year ago, accelerating from 2.1% in September.
Key terms
- Fed
- The central banking system of the United States, created in 1913 to provide a stable monetary system.
- core prices
- A measure of inflation that strips out volatile items to show the underlying long-term price trend.
- BLS
- A unit of the US Department of Labor that collects and publishes labor economics and statistics data.
Source: Wikipedia