U.S. consumer prices rose 0.4 percent in October. The increase was larger than economists expected. Food and rent 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 supports a Federal Reserve rate hike. Widespread price pressures strengthen the case for a December interest rate increase. The data showed inflation remains persistent in the U.S. economy. Officials monitor this metric carefully.