What To Expect From The October 2023 CPI Report

The Consumer Price Index Report for October 2023 will be released at 8:30 a.m. ET on November 14. Headline inflation is broadly expected to be subdued month-on-month. That’s in part as oil prices have eased from late September highs.

Still, underlying trends may still concern the Federal Reserve ahead of its next scheduled interest rate decision on December 13. Inflation is likely to remain in the 3% to 4% range, and though down from peak levels, it remains materially above the Fed’s 2% annual inflation target. However, the market does not expect CPI figures to generate enough concern at the Fed to prompt an increase short-term interest rates this December.