The Consumer Price Index for All Urban Consumers rose 0.4 percent on a seasonally adjusted basis in October after a 0.6 percent increase in September, the U.S. Bureau of Labor Statistics reported Tuesday¹.

The index for all items less food and energy rose 0.3 percent in October, matching September and August, BLS said¹. Shelter rose 0.3 percent and accounted for more than 30 percent of the monthly all-items increase¹. Food rose 0.5 percent. Energy rose 0.7 percent after a 5.2 percent increase in September, with gasoline up 1.0 percent¹.

BLS said it did not collect survey data for October 2025 because of a lapse in appropriations, so it could not publish most 12-month percent changes for October 2026¹. Gasoline was among the series that still carried a 12-month figure, at 37.4 percent unadjusted¹.

CNBC said the 0.4 percent monthly headline print was above a 0.3 percent increase economists had expected. In a separate report, CNBC said a Dow Jones survey had also expected 0.3 percent for headline CPI and 0.2 percent for core.

CNBC said Fed Governor Christopher Waller, speaking in London before the release, said a hot report could push him toward advocating a half-point increase in December if core CPI was around 0.3. After the print, CNBC reported Dallas Fed President Lorie Logan said she sees a need for two additional quarter-point increases and that the CPI report was higher than expected.

Those rate-path comments are attributed to CNBC’s reporting of Fed officials. BLS’s release itself did not address the Federal Reserve¹.

Sources

1. U.S. Bureau of Labor StatisticsConsumer Price Index Summary — October 2026Nov 10, 8:30 AM

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