Event Guide: U.S. CPI Report (October 2026)

Fed tightening expectations for December are still running pretty high while markets are bracing for the third straight month of higher U.S. price pressures.

Here’s how the upcoming CPI report could make or break hawkish hopes.

Event in Focus:

U.S. headline and core CPI readings for October 2026: The Consumer Price Index (CPI) is a monthly measure of the change in prices paid by consumers for goods and services, an important metric that central bankers consider when deciding on monetary policy and interest rates.

When Will It Be Released:

November 10 (Tuesday), 1:30 pm GMT

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Expectations:

U.S. headline consumer price index m/m: +0.2% expected, +0.6% previous
U.S. core consumer price index m/m: +0.2% expected, +0.3% previous
U.S. headline consumer price index y/y: +3.7y% expected, +3.7% previous
U.S. core consumer price index y/y: +2.5% expected, +2.6% previous

Forecasts as of November 9, at 2:09 am GMT

Previous Releases and Risk Environment Influence on the U.S. Dollar

October 14, 2026

Event results / Price Action:

U.S. September CPI data came in hotter than expected, as the headline annual reading accelerated from 3.4% to 3.7% while the core figure jumped from 2.4% to 2.6%. Monthly prints also landed above estimates, bolstering Fed tightening expectations.