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The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 0.2% month-over-month in October 2026, down 0.4 percentage points from the month-over-month pace in September 2026.

Compared to September 2026, the US energy price index was down 0.4%. The gasoline price index was down 0.7% month-over-month. The food index rose 0.4% and the shelter index was up 0.2% month-over-month.

The US CPI excluding food and energy slowed to 0.2% compared to September 2026. 

Please note that October 2025 CPI was not published due to the US government shut down, so this month’s analysis is presented on a month-over-month basis.

CPI figures for Canada and Nova Scotia will be released on November 16, 2026.

Sources: Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted; U.S. Bureau of Labour Statistics retrieved from the Federal Reserve Bank of St. Louis