Latest US CPI: September 2026 Inflation, Bitcoin and Stocks
As of October 15, 2026, the latest US CPI report covers September: headline inflation was 3.7% year over year and 0.6% month over month. Core CPI rose 2.6% annually. The report was released on October 14. The next CPI release is November 10 at 8:30 a.m. Eastern Time, covering October.
Latest CPI numbers
| Measure | August 2026 | September 2026 |
|---|---|---|
| Headline CPI, year over year | 3.4% | 3.7% |
| Headline CPI, month over month | 0.4% | 0.6% |
| Core CPI, year over year | 2.4% | 2.6% |
| Core CPI, month over month | 0.3% | 0.3% |
Annual changes are not seasonally adjusted; monthly changes are seasonally adjusted. Source: Bureau of Labor Statistics, October 14 release.
Headline monthly inflation accelerated while the core monthly rate was unchanged. Gasoline rose 9.1% during September and accounted for more than half the overall monthly increase. Looking beyond the headline helps separate an energy-price jump from changes across other purchases.
CPI, core CPI and PCE
CPI tracks prices of a basket of consumer goods and services. Core CPI excludes food and energy to help readers examine other price changes. Food and energy remain part of headline inflation. BLS explanation
PCE is a different consumer-price measure. The Federal Reserve’s longer-run 2% inflation objective refers to PCE inflation, so a 2% CPI reading would not automatically trigger a rate cut. Federal Reserve policy explanation
Year-over-year and month-over-month figures answer different questions. One compares prices with the same month last year; the other compares adjacent months. Slower inflation also differs from falling prices: a basket rising 3% instead of 4% still costs more than a year earlier.
Why do stocks react to CPI?
Inflation news can change expectations about the path of interest rates. Rates influence borrowing costs and the value investors place on future corporate earnings. The Fed describes asset prices as one channel through which monetary policy affects financial conditions.
This gives investors a reason to examine financing needs alongside growth. For a business such as CoreWeave, demand for AI computing and the cost of funding expansion are separate parts of the analysis. A CPI figure alone does not settle either question.
Does higher CPI mean Bitcoin will fall?
There is no fixed direction. Inflation, expected rates and portfolio allocation offer a possible transmission channel. They do not establish a trading rule. A 2023 New York Fed study found no significant systematic Bitcoin response to macroeconomic news in its sample, illustrating why a simple formula is unreliable.
An event analysis also needs the market’s prior expectations, a defined time window and other news released around the same time. Those details help distinguish a possible explanation from a demonstrated cause.
For practical product guides, see buying Bitcoin or accessing US-stock products on Binance.
When is the next CPI report?
The October 2026 report is scheduled for November 10, 2026, at 8:30 a.m. ET: 13:30 UTC, 14:30 in Madrid, 10:30 in São Paulo and 16:30 in Istanbul. The release month and the month being measured differ. Dates come from the official BLS calendar.