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Consensus forecasts see modest October inflation uptick before Tuesday release

CNBC reports the Bureau of Labor Statistics will release October's consumer price index Tuesday, with forecasts pointing to a slight increase.

Published Nov 10, 2026 · 01:39 UTC10 reports

The short version

  • The Bureau of Labor Statistics releases October's consumer price index report Tuesday at 8:30 a.m.[CNBC]
  • Forecasts call for a 0.3% headline increase and a 0.2% core increase month-over-month.[CNBC]
  • Bank of America estimates annual inflation at 3.8% headline and 2.7% core, using an assumed baseline.[CNBC]
  • Markets price a better than 80% chance of a December quarter-point Fed rate increase, per CME FedWatch data.[CNBC]

Key facts

  • The Bureau of Labor Statistics is scheduled to release October's consumer price index report Tuesday at 8:30 a.m.[CNBC]
  • The consensus forecast expects headline consumer prices to rise 0.3% month-over-month in October.[CNBC]
  • Core inflation, which excludes food and energy, is forecast to rise 0.2%, according to the Dow Jones consensus.[CNBC]
  • Bank of America estimated annual growth at 3.8% for headline inflation and 2.7% for core inflation.[CNBC]
  • CME FedWatch data show markets pricing a better than 80% probability of a quarter-point Fed rate increase in December.[CNBC]

What remains uncertain

  • The October figures are forecasts and consensus estimates, so the actual reading is not yet known.[CNBC]
  • Bank of America's annual estimates rely on an assumed baseline that interpolates data from the prior year.[CNBC]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.