Macro EconomyMedium•14 October 2026•
1 min read
US Inflation Matches Expectations at 3.1% in October 2026
Key Facts
1US headline CPI rose 0.4% month-over-month and 3.1% year-over-year, matching consensus.
2Core CPI inflation matched expectations at 0.3% monthly and 3.1% annually.
US headline consumer price index rose 0.4% month-over-month and 3.1% year-over-year in October 2026. ActionForex reported that these figures matched market consensus exactly, while core inflation also aligned with expectations at 0.3% monthly and 3.1% annually.
Energy price increases contributed to the headline figure, while food inflation printed at 0.4% monthly despite its annual rate declining to 2.9%. Shelter costs, a major CPI component, rose 0.3% for the month to reach 3.3% annually, their lowest level since November 2021, suggesting limited pass-through effects to the broader economy.