
October CPI Arrives Without a Year Rate as December Hike Odds Hit 76%
The last inflation print before the Fed meets publishes no year-on-year headline because of the shutdown data gap, leaving monthly moves to settle a 76 per cent hike market.
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The last inflation print before the Fed meets publishes no year-on-year headline because of the shutdown data gap, leaving monthly moves to settle a 76 per cent hike market.

October producer prices surged 5.7 per cent while consumer inflation slowed to 0.7 per cent, compressing manufacturing margins across the world’s factory.

A five-day calendar packs the last CPI before the Fed meets, China’s trade in the producer-price era, UK growth and PPI — with AI earnings running alongside.

German CPI fell to 2.8% in October from 3.3%, easing faster than forecast, as energy inflation dropped to 12.2% and core slowed.

Headline inflation and the underlying trimmed mean both increased in September, according to figures released on 28 October.
Headline inflation eased to 14.63% in September 2026 from 15.39% in August as food prices retreated, but the National Bureau of Statistics reported that core and urban price pressures picked up, complicating the outlook for further rate cuts.