U.S. consumer prices rose 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 climbed above forecasts. The core measure excludes food and energy. That supports a Federal Reserve rate hike. Broad price pressures firm up the case for a December interest rate increase. The data showed inflation stays stubborn in the U.S. economy. Officials monitor this metric carefully.