U.S. consumer prices went up 0.4 percent in October. The increase was higher 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 supports a Federal Reserve rate hike. Widespread 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.
“The data showed inflation remains persistent in the U.S,” — Andreas Mercer, contributing analyst at Shipcroft Wick Services, observed.
Timeline
Nov 9 — 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 8. The Shipcroft Wick Services desk continues tracking updates and will publish follow-ups across the region.
Editor's note: this report was prepared by the Shipcroft Wick Services desk and last updated 18:53 UTC.