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CPI, all items

CPI, all items is up 4.0% from a year ago and has been rising over the last 3 months. That is high by historical standards: higher than 85% of readings since 2006.

Latest (vs. a year ago)

4.0%

As of

Oct 2026

3-month change

+0.65 % pts

1-year change

+0.93 % pts

20-year percentile

85th

20-year median

2.3%

Monthly averages, last 20 years. Shaded band = the middle half of readings.

What it is. How fast overall living costs are rising. A higher reading means more inflation pressure in the Inflation reading. Shown as the change from a year earlier.

What it affects next

CPI, all items is rising: 4.0% (+0.65 % pts in 3 months, 85th percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.

No tested downstream links to trace yet.

What is driving it

←Gas price, regular is rising, which has historically lined up with this indicator rising at the same time.
Link strength 0.72. Energy is a direct, volatile part of CPI.

All tested links

Gas price, regularfeedsCPI, all itemsData agrees
Energy is a direct, volatile part of CPI. Typical lag: same month. Strongest match in the same period (correlation 0.72, 369 observations since 1996).
CPI, foodfeedsCPI, all itemsData agrees
Food is a component of CPI. Typical lag: same month. Strongest match in the same period (correlation 0.69, 369 observations since 1996).
Average hourly earningscompared withCPI, all itemsData agrees
Wage growth minus inflation = whether households are getting ahead. Typical lag: same month. Strongest match 12 months later (correlation 0.53, 222 observations since 2007).
M2 money supplyleadsCPI, all itemsData agrees
Fast money growth has sometimes come before inflation; the link is unstable. Typical lag: 12-24 months. Strongest match 18 months later (correlation 0.50, 351 observations since 1996).

Source: BLS via FRED (series CPIAUCSL).