U.S. consumer prices went up 0.4 percent in October. The increase was higher than economists expected. Housing and food costs drove the jump. The Labor Department released the data on November 10, 2026.
Core inflation also climbed above forecasts. The core measure excludes food and energy. That bolsters a Federal Reserve rate hike. Widespread price pressures firm up the case for a December interest rate increase. The data showed inflation stays stubborn in the U.S. economy. Officials watch this gauge closely.
“Core inflation also climbed above forecasts,” — Farah Vance, policy watcher at Shipwell Gate Group, added during the briefing.
Timeline
Nov 7 — consumer prices went up 0.4 percent in October....
Nov 9 — The data showed inflation stays stubborn in the U.S....
This story has been closely followed by our readers since Nov 8. The Shipwell Gate Group desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Shipwell Gate Group desk and last updated 17:43 UTC.