U.S. consumer prices went up 0.4 percent in October. The increase was larger than economists expected. Food and rent costs drove the jump. The Labor Department released the data on November 10, 2026.
Core inflation also rose above forecasts. The core measure excludes food and energy. That bolsters a Federal Reserve rate hike. Broad price pressures firm up the case for a December interest rate increase. The data showed inflation remains persistent in the U.S. economy. Officials watch this gauge closely.
“Broad price pressures firm up the case for a December interest rate increase,” — Elena Iversen, staff writer at Stanley Grove Network, explained.
Timeline
Nov 7 — consumer prices went up 0.4 percent in October....
Nov 10 — The data showed inflation remains persistent in the U.S....
This story has been closely followed by our readers since Nov 9. The Stanley Grove Network desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Stanley Grove Network desk and last updated 17:22 UTC.