BEGIN:VCALENDAR VERSION:2.0 PRODID:-//financecalendar.com - ECPv6.15.20//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:financecalendar.com X-ORIGINAL-URL:https://www.financecalendar.com X-WR-CALDESC:Events for financecalendar.com REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:UTC BEGIN:STANDARD TZOFFSETFROM:+0000 TZOFFSETTO:+0000 TZNAME:UTC DTSTART:20250101T000000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=UTC:20261110T000000 DTEND;TZID=UTC:20261110T235959 DTSTAMP:20260727T164602 CREATED:20260605T161219Z LAST-MODIFIED:20260605T161219Z UID:1278-1794268800-1794355199@www.financecalendar.com SUMMARY:US CPI Report November 2026 DESCRIPTION:Home\n ›\n Events\n ›\n Economic Indicators\n ›\n US CPI Report November 2026\n \n \n\n \n \n \n\n \n \n\n \n \n \n \n \n \n \n \n \n Economic Indicators \n \n \n High Impact\n \n \n US CPI Report November 2026\n The US Bureau of Labor Statistics (BLS) will release Consumer Price Index (CPI) data for October 2026 on Tuesday\, November 10\, 2026\, at 8:30 a.m. Eastern Time. The report will provide the latest reading on US consumer inflation\, coming approximately one month before the Federal Open Market Committee (FOMC) delivers its final rate decision of the year on December 9\, 2026. \n \n \n \n Tuesday\, November 10\, 2026 \n \n \n \n 4 min read\n \n \n \n \n Finance Calendar Editorial\n \n \n \n\n \n \n At a Glance\n \n \n Event\n US CPI Report November 2026\n \n \n Date\n November 10\, 2026\n \n \n Category\n Economic Indicators\n \n \n Impact\n High\n \n \n \n\n \n \n \n\n At a Glance \n\nRelease date: Tuesday\, November 10\, 2026\, at 8:30 a.m. ET\nPublishing body: US Bureau of Labor Statistics (BLS)\nReference month: October 2026\nMost recent reading: 3.8% YoY (April 2026)\nMarket impact: High\n\n\nWhat is the Consumer Price Index?\nThe Consumer Price Index for All Urban Consumers (CPI-U) is the most widely followed measure of inflation in the United States. Published monthly by the BLS\, it tracks changes in the prices paid by urban consumers for a market basket of goods and services covering approximately 93% of the US population. The basket includes categories such as housing\, food\, transport\, energy\, medical care\, apparel\, and recreation\, with housing carrying the largest weighting at around 32%. \nThe BLS collects price data from tens of thousands of retail and service establishments. The resulting index is expressed as the year-over-year (YoY) rate and the month-over-month (MoM) change. Core CPI\, which excludes volatile food and energy components\, is watched closely by the Federal Reserve (the Fed) as a measure of underlying inflation trends. \nCPI is released roughly 12 to 13 days after the reference month ends. The November 2026 release covers price changes in October 2026. \nUS CPI Release: November 10\, 2026\nThe November 10 release will cover October 2026 price data and will arrive in the context of the year’s full inflation trajectory. Starting the year at 2.4% year-over-year in January\, US inflation rose sharply to 3.3% in March and reached 3.8% in April\, driven by an oil price shock linked to geopolitical tensions in the Middle East\, according to BLS data. By November\, markets will have three consecutive post-summer readings to assess whether the energy-driven inflation surge has proved durable or transitory. \nThe November 10 release will also be closely watched by Fed policymakers preparing for the December FOMC meeting. A meaningful further decline towards the Fed’s 2% target would greatly strengthen the case for a December rate cut. Consensus forecasts will be available closer to the release date. \nWhy This CPI Release Matters\nThe November CPI is one of two key inflation readings before the final FOMC meeting of 2026. The other is the December CPI on December 10. For markets trying to predict whether 2026 will end with an easing of monetary policy\, the November reading will be among the most closely watched pieces of data on the calendar. \nUS inflation surged in the first half of 2026 as an oil price shock pushed energy costs sharply higher\, adding approximately 17.9 percentage points to the April YoY figure through energy alone. The key question by November 2026 is whether those base effects are wearing off\, whether the energy shock has reversed\, and whether underlying inflation in services and shelter has decoupled from the headline volatility. \nFor equity markets\, a clear downward trajectory in inflation by Q4 2026 would reduce the risk premium embedded in stocks and support growth sector re-ratings. For bond investors\, a sub-3% reading would bring the Fed closer to cutting\, flattening the yield curve and benefiting long-duration holdings. The US dollar would typically weaken on softer inflation as rate differentials narrow. \nWhat to Watch For\n\nAbove consensus: A reading still above 3.5% by October would signal that inflation is proving difficult to tame and would reduce expectations of a December rate cut to near zero\, pushing yields higher and pressuring growth equities.\nIn line with consensus: A reading broadly matching expectations (likely in the 2.5-3.5% range depending on the trend by then) would be absorbed without major dislocation\, with attention shifting to the December 9 FOMC meeting and the forward guidance from Fed Chair statements.\nBelow consensus: A reading below 2.5% would be a significant positive surprise given the year’s inflationary trajectory and would sharply increase the probability of a December rate cut. Equities and bonds would both rally; the US dollar would soften.\n\nEnergy base effects will be crucial in determining the November reading. If crude oil prices have fallen from their 2026 highs\, the year-over-year comparison will become mechanically easier in the autumn months. Core inflation\, particularly in shelter and services\, will reveal whether the price shock has had lasting structural effects. \nHistorical Context\n\n\n\nMonth\nYoY\nMoM\nCore YoY\n\n\n\n\nApril 2026\n3.8%\n+0.6%\n2.8%\n\n\nMarch 2026\n3.3%\n+0.9%\n2.6%\n\n\nFebruary 2026\n2.4%\n+0.2%\n—\n\n\nJanuary 2026\n2.4%\n—\n—\n\n\nDecember 2025\n2.7%\n—\n—\n\n\n\nSource: US Bureau of Labor Statistics. October and November 2025 data were not published due to the US government shutdown. MoM and core figures not available for all periods shown. \nMarket Positioning\nBy November 2026\, the debate in markets will have shifted from whether inflation rose to whether it has fallen enough for the Fed to act. The cumulative Q3 and early Q4 CPI prints will determine whether the December FOMC meeting is a live event for a rate cut or a foregone hold. Positioning in rate futures\, Treasury yields\, and equity sector weights will all reflect this calculus in the weeks running up to the November 10 release. \nThe Bank of England meets on November 5 to deliver its rate decision\, providing a useful comparison for how major central banks are navigating the global inflation environment as year-end approaches. \nRelated Events\n\nUS CPI Report October 2026 – The preceding monthly release covering September 2026 data.\nFOMC Rate Decision December 2026 – The Fed’s final rate decision of 2026\, on December 9\, for which this CPI reading is a key input.\nBank of England MPC Rate Decision November 2026 – The BoE policy decision on November 5\, providing a global monetary policy comparison.\n\nFrequently Asked Questions\nWhat does the CPI measure?\nThe CPI measures the average change in prices paid by urban consumers for a fixed basket of goods and services\, including housing\, food\, transport\, energy\, and medical care. Published monthly by the Bureau of Labor Statistics\, it is the primary measure of consumer price inflation in the United States. \nWhen is the November 2026 CPI report released?\nThe November 2026 CPI report will be released on Tuesday\, November 10\, 2026\, at 8:30 a.m. Eastern Time. The report covers price changes during October 2026. \nWhy is the November CPI important for the December FOMC meeting?\nThe November 10 release falls approximately one month before the FOMC’s final meeting of the year on December 9. It will be one of two remaining CPI prints before that decision and will significantly influence whether the Fed cuts\, holds\, or raises rates to close out 2026. 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