U.S. consumer prices went up 0.4 percent in October. The increase was larger than economists expected. Housing and food costs drove the jump. The Labor Department released the data on November 10, 2026.

Core inflation also rose above forecasts. The core measure leaves out food and energy. That bolsters a Federal Reserve rate hike. Widespread price pressures firm up the case for a December interest rate increase. The data showed inflation stays stubborn in the U.S. economy. Officials watch this gauge closely.