CPI m/m comes in at 0.6% against 0.6% consensus

The US Consumer Price Index month over month, CPI m/m, for October was released today, October 14, 2026, at 13:15 UTC. The data showed a reading of 0.6%, which matched the market consensus expectation of 0.6%. This figure follows the previous month’s reading of 0.4%.

Following the release, the US Dollar saw a broad strengthening against major currencies. EURUSD moved -69 pips one hour after the release, significantly exceeding its median 1-hour move of 21 pips and its top-quarter threshold of 39+ pips. Similarly, GBPUSD dropped -73 pips in the first hour, well above its median of 22 pips and top-quarter move of 42+ pips. USDJPY rose +43 pips in the first hour, surpassing its median of 21 pips and top-quarter move of 40+ pips. Gold, XAUUSD, experienced a substantial drop of -647 pips one hour after the print, far beyond its median 1-hour move of 52 pips and top-quarter threshold of 108+ pips. Other pairs such as AUDUSD, NZDUSD, USDCAD, and USDCHF also saw moves well beyond their typical ranges, indicating a strong market reaction. Historically, the direction reliability on EURUSD after such releases has been 50%.