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

US inflation rate, year on year (Sep)

Actual
3.7%
Forecast
3.6%
Previous
3.4%

Below 3.3%In line 3.3% to 3.9%Above 3.9%

▏Forecast 3.6%○ Previous 3.4%● Actual 3.7%

In line with its usual range3.3% to 3.9%: the playbook gives no direction for an in-line print.

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 importanceCore Inflation Rate YoY (Sep)2.6% vs 2.5%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
  • 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 3.3%USD down
EUR/USD up GBP/USD up USD/JPY down Gold up
In line3.3% to 3.9%Limited follow-throughLanded here
AboveAbove 3.9%USD up
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 0.3%). 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 · 6 in line · 4 below

2.13%2.71%3.3%3.89%4.47%Oct ’25Jan ’26Mar ’26May ’26Jul ’26Sep ’26Oct ’26

— Forecast before the print● Actual

Release history

ReleasedPeriodForecastActualPosition
14 Oct 2026Sep3.6%3.7%Above forecast
11 Sep 2026Aug3.4%3.4%In line with forecast
12 Aug 2026Jul3.4%3.4%In line with forecast
14 Jul 2026Jun3.8%3.5%Below forecast
10 Jun 2026May4.2%4.2%In line with forecast
12 May 2026Apr3.7%3.8%Above forecast
10 Apr 2026Mar3.3%3.3%In line with forecast
11 Mar 2026Feb2.4%2.4%In line with forecast
13 Feb 2026Jan2.5%2.4%Below forecast
13 Jan 2026Dec2.7%2.7%In line with forecast
18 Dec 2025Nov3.1%2.7%Below forecast
24 Oct 2025Sep3.1%3%Below forecast