November 10, 2026
The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in October 2026, following a 0.6% increase in September. The increase reflected continued upward pressure from shelter, food, and energy costs. Due to the absence of October 2025 data resulting from a lapse in appropriations, year-over-year inflation rates were not available for most CPI categories.
The shelter index rose 0.3% in October and accounted for more than 30% of the monthly increase in the all items index. Food prices increased 0.5%, with food at home rising 0.4% and food away from home increasing 0.5%. Within grocery prices, gains were recorded in snacks, beef, fruits and vegetables, and dairy products. The energy index increased 0.7%, following a sharp 5.2% rise in September. Gasoline prices increased 1.0%, while electricity prices advanced 0.9%. Offsetting some of the energy increase, natural gas prices fell 0.8% during the month.
Excluding food and energy, the all items index rose 0.3% in October, matching the increases recorded in August and September. Major contributors included recreation (+0.8%), motor vehicle insurance (+0.7%), education (+0.3%), medical care (+0.3%), household furnishings and operations (+0.2%), and new vehicles (+0.2%). The medical care increase reflected higher costs for hospital services, physicians’ services, and prescription drugs. Offsetting some of these gains, the index for used cars and trucks declined 1.2%, while communication services fell 0.1%.
On a non-seasonally adjusted basis, the CPI-U rose 0.2% in October to an index level of 337.511. The report suggests that inflationary pressures remained concentrated in housing and services, while food prices accelerated and energy costs continued to rise, albeit at a slower pace than in September. The steady 0.3% monthly increase in core inflation indicates that underlying price pressures remained resilient despite some moderation in energy-related inflation.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
