United States: October inflation seen cooling – TD Securities

TD Securities economists Oscar Munoz and Eli Nir project that US headline Consumer Price Index (CPI) will rise 0.30% month-on-month in October 2026, slowing from September’s 0.65% gain, with gasoline and food still contributing. They expect core CPI to increase 0.21% and translate into a 0.24% rise in core Personal Consumption Expenditures (PCE) Price Index, as core goods and services inflation moderate and shelter cools.