U.S. consumer prices rose 0.4 percent in October. The increase was higher 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 leaves out food and energy. That bolsters a Federal Reserve rate hike. Broad price pressures strengthen the case for a December interest rate increase. The data showed inflation stays stubborn in the U.S. economy. Officials monitor this metric carefully.