US consumer prices rose 0.4% in October 2026 as inflation stayed elevated
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The Bureau of Labor Statistics said October’s seasonally adjusted CPI rose 0.4%, down from 0.6% in September but above economists’ 0.3% forecast. Moody’s Mark Zandi called the pace uncomfortably high and said it makes a December Fed rate hike more likely; the Fed raised rates in September and held steady in October. Core CPI rose 0.3% for a third straight month; inflation has topped the Fed’s 2% target for more than five years.
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