October CPI: Coffee posts its largest monthly drop on record
As seen on the 24/7 Wall St. homepage on November 10, 2026.
Goods disinflation is doing the heavy lifting again, with coffee posting its largest monthly drop on record while services like transit fares keep climbing. That split is exactly what the Fed is parsing ahead of its next rate decision.
OCTOBER'S 🇺🇸 CPI: What got cheaper: • Coffee: -3.6%, largest monthly drop on record • Distilled spirits (ex whiskey): -1.5%, record decline • Used cars: -1.2%, biggest drop since January What got pricier: • Lettuce: +7.9% • City bus & train fares: +6.6% • Newspapers &
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Goods prices are falling sharply while services keep grinding higher, and coffee's 3.6% drop was its largest monthly decline on record.
Lettuce and transit fares still climbed, and that gap between softening goods and sticky services is exactly the tension the Federal Reserve is weighing ahead of its next rate decision.
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Record declines in two separate categories in a single month is unusual, and it shifts attention to whether services inflation follows goods lower or remains entrenched.
For investors, the split matters because Fed policy increasingly hinges on whether services prices cool. Goods relief alone has not brought overall inflation to target, so elevated transit fares and food costs keep the debate over the rate path alive.