FX.co ★ US Core Consumer Prices Overshoot Expectations

Core consumer prices in the United States, which exclude food and energy, rose 0.3% in October 2026 for the third straight month, exceeding market expectations of a 0.2% increase. Prices climbed sharply for transportation services for the second consecutive month (0.8% vs. 0.6% in September), indicating that higher oil and fuel costs in wholesale markets are feeding through into core components of the transportation sector. In addition, prices increased for shelter (0.3% vs. 0.4%), medical care commodities (0.5% vs. -0.7%), and medical care services (0.3% vs. 0.3%).