CPI in October
Short Answer
1. Market Behavior & Drivers
- October CPI likely rises 0.2-0.3% due to moderating energy, shelter prices.
- Major forecasts indicate CPI rising above 0.4% is unlikely.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Above 0.2% | 65.0% | 66.5% | Multiple forecasts project CPI to rise between 0.24% and 0.3%. |
| Above 0.1% | 92.0% | 92.8% | Reputable financial institutions forecast CPI rising 0.2% to 0.3% month-over-month. |
| Above 0.3% | 15.0% | 14.7% | Most major forecasts project CPI to be at or below 0.3% month-over-month. |
| Above 0.4% | 7.0% | 5.8% | Major forecasts from financial institutions project CPI firmly below 0.4%. |
| Above 0.0% | 98.0% | 98.2% | CPI is expected to show a positive, moderate month-over-month increase. |
Current Context
Sources (14)
- 1Schedule of Releases for the Consumer Price Indexbls.gov
- 2Schedule of Selected Releases for November 2026bls.gov
- 3CPI Home: U.S. Bureau of Labor Statisticsbls.gov
- 4CPI in October 2026: Latest News | Prediction.comprediction.com
- 5October 2026 CPI Forecastexponential-tech.ai
- 6Wells Fargo - November CPI Preview: Detour Around the October Potholewellsfargo.bluematrix.com
- 7United States: October inflation seen cooling – TD Securitiesfxstreet.com
- 8Preview: Due November 10 - U.S. October CPI - A more moderatcontinuumeconomics.com
- 9Inflation Nowcastingclevelandfed.org
- 10CPI Release Dates 2026–2027: Next Report Sep 11, 8:30 AM ET | Nowflationnowflation.com
- 11November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 12October Inflation US - Annualpolymarket.com
- 13The Federal Reserve's Latest October Inflation Forecast Has Arrived, and It's Terrible News for Wall Street | The Motley Foolfool.com
- 14US CPI Report November 2026: Date, Time & What to Expect | Finance Calendarfinancecalendar.com
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Above 0.2%
📈 November 02, 2026: 11.0pp spike
Price increased from 56.0% to 67.0%
Outcome: Above 0.4%
📈 October 30, 2026: 11.0pp spike
Price increased from 3.0% to 14.0%
Outcome: Above 0.1%
📈 October 22, 2026: 14.0pp spike
Price increased from 77.0% to 91.0%
Sources (9)
- 1What Millions of Data Points Reveal About US Inflationbloomberg.com
- 2U.S. inflation stays high for years, worrying Fed officialscnbc.com
- 3The Fed Wanted More Data. It Got More Inflation. | The Daily Economythedailyeconomy.org
- 4Inflation jumps to 3.7% as gas, diesel prices squeeze consumersnbcnews.com
- 5Economist breaks down new inflation report and what's driving prices higher | PBS Newspbs.org
- 6Inflation Jumps to 3.7% and Drags an October Hike Back Into Playfinance.yahoo.com
- 7Monthly-Inflation-Update-website.knitjec.senate.gov
- 8CPI Inflation Hits 3.7%, Beating Estimates as 2-Year Yield Jumps to 4.93% | 24/7 Wall St.247wallst.com
- 9Hot September CPI sends rate-hike bets soaring By Reutersinvesting.com
4. Market Data
Contract Snapshot
This Kalshi prediction market concerns the Consumer Price Index (CPI) for October. For a given contract like "Above X%", a "YES" resolution occurs if the reported CPI value is greater than X%, and a "NO" resolution occurs if the CPI value is less than or equal to X%. Trading begins on November 10, 2026, at 6:30 am EST, and the market is expected to resolve on the same date.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Above -0.1% | $1.00 | $0.01 | 99% |
| Above 0.0% | $0.99 | $0.02 | 98% |
| Above 0.1% | $0.92 | $0.10 | 92% |
| Above 0.2% | $0.66 | $0.36 | 65% |
| Above 0.3% | $0.19 | $0.83 | 15% |
| Above 0.4% | $0.10 | $0.95 | 7% |
| Above 0.5% | $0.02 | $0.99 | 4% |
| Above 0.6% | $0.01 | $1.00 | 1% |
| Above 0.7% | $0.01 | $1.00 | 1% |
| Above 0.8% | $0.01 | $1.00 | 1% |
| Above 0.9% | $0.01 | $1.00 | 1% |
| Above 1.0% | $0.01 | $1.00 | 1% |
Market Discussion
Prediction markets show a high probability of a positive month-over-month CPI increase for October 2026, with platforms pricing 'Above 0.1%' at 92% and Polymarket indicating an 87% probability for a 3.7% annual inflation rate (YoY) [1][2][3]. While headline CPI is projected around +0.30% MoM and 3.7% YoY, core CPI is forecast to cool to approximately +0.2% MoM, though it has missed consensus in recent releases [4][5][6]. A potential complication is the risk of the BLS not publishing October 2026 12-month CPI changes due to a 2025 appropriations lapse [7][8].
Sources (8)
- 1CPI in October Odds & Predictions 2026kalshi.com
- 2October Inflation US - Annualpolymarket.com
- 3CPI in October Odds & Predictions - Public.compublic.com
- 4CPI in October 2026: Latest News | Prediction.comprediction.com
- 5A short note on today’s US CPI, and on being slightly wrong. | Andreas Steno Larsenlinkedin.com
- 6Wednesdays CPI has two numbers pulling in opposite directions. | Shaun Y.linkedin.com
- 7The October annual CPI book on Polymarket trades like a repeat of September. The BLS may not publish the number it settles on. | The Traders Spreadlinkedin.com
- 8Markets Battle Data Blackout, Cloudy Fed Outlook | Chief Investment Officerai-cio.com
5. Trust Index
Scheduled statistical release: the agency holds the number before publication
Integrity risk· Information exposure
Includes the cost to trade: a $10,000 order can't be filled here because the order book is too thin.
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
6. What evidence supports the consensus view that shelter inflation will continue to moderate in the October 2026 BLS report?
| TD Securities Oct 2026 Headline CPI | +0.30% m/m [1][2] |
|---|---|
| Cleveland Fed Oct 2026 CPI Nowcast | 0.27% m/m [1][2] |
| Oct 2026 Shelter Index (Kalshi/Public) | 435.0-435.6, 'Above 435.6' at 4-6% probability [3][4] |
Sources (13)
- 1October 2026 CPI Above 0.3%? Odds Fall to 14% | Prediction.comprediction.com
- 2CPI in October 2026: Latest News | Prediction.comprediction.com
- 3US shelter CPI in October Odds & Predictions 2026kalshi.com
- 4US shelter CPI in October Odds & Predictions - Public.compublic.com
- 5CPI in October Odds & Predictions 2026kalshi.com
- 6CPI in October Odds & Predictions - Public.compublic.com
- 7November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 8CPI in October - Kalshi KXCPI-26OCT Odds | CoinRithmcoinrithm.com
- 9CPI in October Kalshi Odds: Above -0.1% 100% | Kalshi Viewkalshiview.com
- 10Monthly CPI Summary | E-piphanyinflationguy.blog
- 11Consumer Price Index Summary - 2026 M09 Resultsbls.gov
- 12US September-26 CPI Inflation Report - by Gianluca Benignogianlucabenigno.substack.com
- 13Core inflation hotter than expected, October hike back in playpnc.com
7. How will the October 2026 CPI release on November 10 influence the Federal Reserve's interest rate decision at the December 2026 FOMC meeting?
| September 2026 Headline CPI | 3.7% YoY [1][2][3][4][5] |
|---|---|
| October CPI Monthly Change Forecast | 0.2-0.3% (prediction markets) [6][7][8][9][4] |
| Probability of Dec 2026 Rate Hike | >80% (futures market) [3][10] |
Sources (12)
- 1Fed rate decision October 2026cnbc.com
- 2What's The Fed's Next Move? | J.P. Morgan Global Researchjpmorgan.com
- 3What's next for interest ratesfidelity.com
- 4CPI in October 2026: Latest News | Prediction.comprediction.com
- 5Federal Funds Rate History 1990 to 2026forbes.com
- 6CPI in October Odds & Predictions 2026kalshi.com
- 7November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 8CPI in October Odds & Predictions - Public.compublic.com
- 9CPI in October - Kalshi KXCPI-26OCT Odds | CoinRithmcoinrithm.com
- 10Economics Prediction Market - Robinhoodrobinhood.com
- 11The Fed - Meeting calendars and informationfederalreserve.gov
- 12Fed to skip October but raise rates again in December,...reuters.com
8. How do October's energy price trends compare with the surge seen in September 2026, and what does this imply for the headline CPI reading?
| October 2026 Headline CPI Forecast (Cleveland Fed Nowcast) | 0.24% m/m [1] |
|---|---|
| September 2026 US Energy Index Surge | 5.2% m/m [2][3][4] |
| Kalshi Oct 2026 CPI Prediction (above 0.2%) | 62-65% probability [5][6][7][8][9][10][11][12] |
Sources (13)
- 1Inflation Nowcastingclevelandfed.org
- 2Consumer Price Index Summary - 2026 M09 Resultsbls.gov
- 3CPI in October 2026: Latest News | Prediction.comprediction.com
- 4October 2026 CPI Above 0.3%? Odds Fall to 14% | Prediction.comprediction.com
- 5CPI in October Odds & Predictions 2026kalshi.com
- 6October 2026 CPI Release | Qwidgetsqwidgets.com
- 72026 CPI in October — Odds & Prices | DOXAdoxa.pro
- 8CPI in October Kalshi Odds: Above -0.1% 100% | Kalshi Viewkalshiview.com
- 9CPI in October Odds & Predictions - Public.compublic.com
- 10CPI in October: Kalshi odds | PredictionsMarket.compredictionsmarket.com
- 11November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 12CPI in October - Kalshi KXCPI-26OCT Odds | CoinRithmcoinrithm.com
- 13Monthly CPI Summary | E-piphanyinflationguy.blog
9. Why will the BLS not publish 12-month CPI changes for October 2026, and how does that affect the market's focus?
| Estimated true core year-over-year inflation | Roughly 0.25%-0.3% higher than published figures due to imputation distortion [1] |
|---|---|
| Kalshi market 'Above 0.1%' prediction (Nov 3-4, 2026) | 92-94% [2] |
| September 2026 headline CPI month-over-month | Up 0.6% [3][4][5][6] |
Sources (13)
- 1Monthly CPI Summary | E-piphanyinflationguy.blog
- 2CPI in October Odds & Predictions 2026kalshi.com
- 3CPI Report: Release Time, Schedule and Market Impactcmelitegroup.com
- 4Consumer Price Index Summary - 2026 M09 Resultsbls.gov
- 5CPI in October 2026: Latest News | Prediction.comprediction.com
- 6Consumer Price Index News Release - 2026 M09 Resultsbls.gov
- 7Inflation Tracker [EconTax Blog]lao.ca.gov
- 8Counterfactual imputation approaches for the housing component of the October 2025 CPI: Monthly Labor Review: U.S. Bureau of Labor Statisticsbls.gov
- 9Schedule of Selected Releases 2026bls.gov
- 10November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 11CPI in October Odds & Predictions - Public.compublic.com
- 12CPI in October - Kalshi KXCPI-26OCT Odds | CoinRithmcoinrithm.com
- 13CPI in October Kalshi Odds: Above -0.1% 100% | Kalshi Viewkalshiview.com
10. What are the specific m/m headline CPI forecasts for October 2026 from the Cleveland Fed Nowcast and major financial institutions?
| Cleveland Fed October 2026 Headline CPI Forecast | 0.24% month-over-month [1] |
|---|---|
| TD Securities October 2026 Headline CPI Forecast | +0.30% month-over-month [2][3] |
| Continuum Economics October 2026 Headline CPI Forecast | 0.2% month-over-month (after rounding) [4][5] |
Sources (7)
- 1Inflation Nowcastingclevelandfed.org
- 2October 2026 CPI Above 0.3%? Odds Fall to 14% | Prediction.comprediction.com
- 3CPI in October 2026: Latest News | Prediction.comprediction.com
- 4Preview: Due November 10 - U.S. October CPI - A more moderatcontinuumeconomics.com
- 5Core CPI in October 2026: Latest News | Prediction.comprediction.com
- 6Will CPI Core rise more than 0.1% in October? — Above 0.1% | Forecasting Agentforecast.agenticlearning.ai
- 7Monthly CPI Summary | E-piphanyinflationguy.blog
11. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: February 09, 2027
- Closes: November 10, 2026
Sources (18)
- 1Schedule of Releases for the Consumer Price Indexbls.gov
- 2CPI Home: U.S. Bureau of Labor Statisticsbls.gov
- 3US CPI Report — Tuesday, 10 November 2026 | Finance Calendarfinancecalendar.com
- 4Inflation Nowcastingclevelandfed.org
- 5CPI in October 2026: Latest News | Prediction.comprediction.com
- 6Preview: Due November 10 - U.S. October CPI - A more moderatcontinuumeconomics.com
- 7November 10, 2026: CPI in October Prediction Marketrobinhood.com
- 8CPI core in October Odds & Predictions 2026kalshi.com
- 9Core CPI in October - Kalshi KXCPICORE-26OCT oranları | CoinRithmcoinrithm.com
- 10October Inflation US - Annualpolymarket.com
- 11Hot September CPI sends rate-hike bets soaring By Reutersinvesting.com
- 12Consumer prices rose 3.7% annually in September as gas...cnbc.com
- 13Gas prices in the US in October 2026? Odds & Predictionskalshi.com
- 14$4 Gasoline Ahead? What RBOB Futures and Oil Charts Signal About Pain at the Pump | Investing.com NGng.investing.com
- 15Inflation will remain sticky in 2026, according to prediction marketscnbc.com
- 16US Economic Calendar | Kodexiuskodexius.com
- 17Fed decisions (Jul–Oct)polymarket.com
- 18CPI next release Nov 10, 2026, forecast and market reaction · mrktsmrkts.gg
13. Historical Resolutions
Historical Resolutions: 20 markets in this series
Outcomes: 11 resolved YES, 9 resolved NO
Recent resolutions:
- KXCPI-26SEP-T0.9: NO (Oct 14, 2026)
- KXCPI-26SEP-T0.8: NO (Oct 14, 2026)
- KXCPI-26SEP-T0.7: NO (Oct 14, 2026)
- KXCPI-26AUG-T1.0: NO (Sep 11, 2026)
- KXCPI-26AUG-T0.9: NO (Sep 11, 2026)