High importanceUSUSD · Inflation · 14 Oct 2026 · 08:30 ET · released

US core inflation rate, year on year (Sep)

Actual
2.6%
Forecast
2.5%
Previous
2.4%

Below 2.4%In line 2.4% to 2.6%Above 2.6%

▏Forecast 2.5%○ Previous 2.4%● Actual 2.6%

Above its usual rangeUSD upabove 2.6%.

What moved

  • EUR/USD−0.69%
  • GBP/USD−0.74%
  • USD/JPY+0.31%
  • Gold−1.24%

EUR/USD, GBP/USD, USD/JPY and Gold from the hour before to the hour after (08:00 → 10:00 ET), from 1-hour bars. Timing, not cause: other news lands in the same window.

At the same minute

  • High importanceCPI s.a (Sep)336.3 vs 335.8Above its usual range USD up
  • High importanceCore Inflation Rate MoM (Sep)0.3% vs 0.2%Above its usual range USD up
  • High importanceInflation Rate (Sep)336.94 vs 336.65Above its usual range USD up
  • High importanceInflation Rate MoM (Sep)0.6% vs 0.6%In line with its usual range
  • High importanceInflation Rate YoY (Sep)3.7% vs 3.6%In line with its usual range
  • Low importanceCPI n.s.a MoM (Sep)0.59%In line with its usual range
  • Low importanceCore Inflation Rate (Sep)338.9Above its usual range USD up
  • Low importanceReal Earnings MoM (Sep)−0.5%Below its usual range

The levelsMeasured from its last 11 prints

BelowBelow 2.4%USD down
EUR/USD up GBP/USD up USD/JPY down Gold up
In line2.4% to 2.6%Limited follow-through
AboveAbove 2.6%USD upLanded here
EUR/USD down GBP/USD down USD/JPY up Gold down

In line is the forecast ± how far this series usually lands from it (median miss 0.1%). Above or below that is a genuine surprise. USD up or down is the playbook’s mapping for this release; the pairs show how each quote moves when USD does. Arithmetic, not a forecast.

Its own historyLast 12 prints vs the forecast before each: 2 above · 5 in line · 5 below

2.29%2.52%2.75%2.98%3.21%Oct ’25Jan ’26Mar ’26May ’26Jul ’26Sep ’26Oct ’26

— Forecast before the print● Actual

Release history

ReleasedPeriodForecastActualPosition
14 Oct 2026Sep2.5%2.6%Above forecast
11 Sep 2026Aug2.4%2.4%In line with forecast
12 Aug 2026Jul2.5%2.5%In line with forecast
14 Jul 2026Jun2.8%2.6%Below forecast
10 Jun 2026May2.9%2.9%In line with forecast
12 May 2026Apr2.7%2.8%Above forecast
10 Apr 2026Mar2.7%2.6%Below forecast
11 Mar 2026Feb2.5%2.5%In line with forecast
13 Feb 2026Jan2.5%2.5%In line with forecast
13 Jan 2026Dec2.7%2.6%Below forecast
18 Dec 2025Nov3%2.6%Below forecast
24 Oct 2025Sep3.1%3%Below forecast