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FREEKONOMIST
WorldAnnouncedExplainer

US inflation week: CPI on Tuesday, PPI on Friday and seven Fed speakers

The US releases October consumer inflation on November 10 and producer prices on November 13; September CPI was 3.7% and PPI rose the most since 2022.

Event: November 10, 2026
Primary source: November 8, 2026
Published here: November 8, 2026 at 08:57 PM UTC
Read: 2 min

What happened

The US Bureau of Labor Statistics (BLS) releases the October Consumer Price Index (CPI) on Tuesday, November 10, at 8:30 a.m. New York time (13:30 UTC). The Producer Price Index (PPI) follows on Friday, November 13, at the same time. In September, CPI rose 0.6% on the month and 3.7% on the year. PPI rose 1.3% on the month and 6.3% on the year.

Why it matters to you

Inflation drives what the Fed does with rates. Hot numbers usually weigh on stocks, bonds and bitcoin, soft ones help them. September's PPI jump was the biggest since December 2022, so markets will look for signs those costs reached shop prices. This is our view.

What to check and watch

Watch core CPI, without food and energy (2.6% on the year in September), and what Fed speakers say this week. This is an overview, not advice.

Where it’s happening

LIVE

Drag to spin. Green dots: the exchange is trading right now (regular hours, holidays not counted). Shadow: where it is night now. Borders: Natural Earth, quakes: USGS. Layer idea: God’s Eye View (MIT).

What is coming. On November 10 at 8:30 a.m. US Eastern time (13:30 UTC), BLS releases October CPI. On November 13 at 8:30 a.m. (13:30 UTC), October PPI is out. Both dates are on the official BLS schedule.

What happened last time. In September, CPI rose 0.6% after 0.4% in August. Over 12 months, prices rose 3.7%. Core CPI, without food and energy, rose 0.3% on the month and 2.6% on the year. Producer prices rose 1.3% in September and 6.3% over 12 months. That is the largest yearly rise since December 2022, when it was 6.4%.

Who is speaking. The MarketWatch calendar lists at least seven Fed officials this week: Tom Barkin, Jeff Schmid, Vice Chair Michelle Bowman, Anna Paulson, Beth Hammack, John Williams and Mary Daly. Markets read their words after the inflation data as hints about the next rate move.

Why it matters. The next Fed rate decision is due on December 9. If CPI shows fast price growth again, rates likely stay high for longer. That usually lifts the dollar and weighs on risk assets. If growth slows, the reverse. This is our view, not a forecast of the numbers.

Confirmed facts

  • BLS will release October CPI on November 10, 2026, at 8:30 a.m. US Eastern time.[1]
  • BLS will release October PPI on November 13, 2026, at 8:30 a.m. US Eastern time.[2]
  • In September, CPI rose 0.6% on the month and 3.7% over 12 months; core CPI rose 0.3% and 2.6%.[3]
  • Final demand PPI rose 1.3% in September and 6.3% over 12 months, the most since December 2022.[4]
  • At least seven Fed officials, including Vice Chair Michelle Bowman, are scheduled to speak in the week from November 9.[5]
  • The next Fed rate decision is scheduled for December 9, 2026.[6]

Implications

  • ConfirmedUS October inflation comes out on November 10, producer prices on November 13.
  • Our readingThe CPI print can move the dollar, bonds, stocks and crypto sharply on release day. This is our view.
  • Our readingSeptember's PPI jump may show up in consumer prices later. This is our view.

Still unknown

  • What October inflation will be
  • What Fed speakers will say after the data
  • How markets will price the odds of a Fed move in December

Who it affects

United States, Global. Investors in stocks, bonds and crypto, and anyone tracking the Fed and the dollar

Sources

  1. US Bureau of Labor Statistics: Schedule of Releases for the Consumer Price Index November 8, 2026 · official
  2. US Bureau of Labor Statistics: Schedule of Releases for the Producer Price Index November 8, 2026 · official
  3. US Bureau of Labor Statistics: Consumer Price Index - September 2026 October 14, 2026 · official
  4. US Bureau of Labor Statistics: Producer Price Indexes - September 2026 October 15, 2026 · official
  5. MarketWatch: U.S. Economic Calendar: major reports and Fed speakers November 8, 2026 · media
  6. Guggenheim Investments: 2026 U.S. Economic Calendar November 8, 2026 · media
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Did this make it clearer?

Cover: Freekonomist graphic, a symbolic image, not a photo of the event. This is a news explainer, not financial advice.

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