Home / Business and Economy / US Inflation Cools But Tops Forecasts Amid Rising Transport Costs
US Inflation Cools But Tops Forecasts Amid Rising Transport Costs
10 Nov
Summary
- October's CPI rose 0.4%, exceeding market expectations.
- Core inflation remained steady, showing no signs of easing.
- Transportation services saw a significant price increase.
The US Consumer Price Index (CPI) for October 2026 indicated a slight deceleration in inflation, with a 0.4% increase, yet this figure exceeded market predictions. This rise followed a 0.6% increase in September, suggesting a moderating but still present inflationary trend.
Core inflation, excluding food and energy, held steady at 0.3% for the third consecutive month. This stability, however, pointed to a lack of easing in underlying price pressures. The persistent growth in core prices aligned with market expectations of 0.2%, highlighting ongoing inflationary concerns.
Significant price increases were observed in transportation services, which rose by 0.8%, a jump from September's 0.6%, directly influenced by escalating wholesale oil and fuel prices. Shelter costs increased by 0.3%, and medical care commodities saw a 0.5% growth, reversing a previous decline.
The Bureau of Labor Statistics (BLS) was unable to publish the 12-month percent changes for October 2026. This was due to the unavailability of October 2025 data, which was not collected because of a lapse in federal appropriations, impacting the calculation of year-over-year figures for most CPI series.
