Published: 2026-11-10T20:19:29.000Z
U.S. October Median CPI up 3.7% annualized, confirming CPI strength was broad based
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Emphasizing the disappointing nature of the October CPI, the 0.3% rise in the Cleveland Fed’s Median CPI is consistent with the core CPI released earlier and the annualized pace of 3.7% is a 5-month high.
While the core CPI was the third straight 0.3% rise and slightly slower than September’s before rounding the Median CPI confirms it was more board based.
Yr/yr growth in the Median CPI at 2.8%, up from 2.6%, is also a 5-month high and a slowing trend appears to have found a base at a level too high to be consistent with the Fed’s inflation target.