2.9% +6.5 pts2.7% +2.0 ptssince 17 Sep

Key data points

Data for
December 2026
Market closes
13 Jan 2027
Middle estimate
2.8%
80% range
2.4% to 3.0%
Most likely
2.9% 18%
Next release
–
Release after
–
Updated
08:30 UTC delayed 15 min

Market info

Category
US economic data
Source
Prediction markets
Frequency
Every 15 minutes
Units
Percent

Settles on: BLS CPI-U less food and energy, 12-month percent change, not seasonally adjusted, first print. From prediction markets, where traders buy and sell contracts on what will happen. Narwhal blends their prices into one probability for each outcome.

Odds by outcome

US core CPI odds by outcome, December 2026
OutcomeKalshiBlended
2.1% or lower2%2%
2.2%2%2%
2.3%3%3%
2.4%9%9%
2.5%7%7%
2.6%11%11%
2.7%17%17%
2.8%9%9%
2.9%18%18%
3.0%14%14%
3.1%3%3%
3.2%<1%<1%
3.3%1%1%
3.4%3%3%
3.5%<1%<1%
Above 3.5%4%4%

Markets

Prediction markets behind these odds
MarketWeight in blend24h volumeOpen interestSettles on
Kalshi100%$1K$25KBureau of Labor Statistics

Releases ahead

US core CPI releases ahead
Data forReleaseMiddle estimate80% rangeMost likely
September 202614 Oct 2026, 12:30 UTC2.4%2.3% to 2.6%2.4%
November 202610 Dec 2026, 13:30 UTC2.7%2.5% to 3.0%2.6%
December 202613 Jan 2027, market close2.8%2.4% to 3.0%2.9%

Common questions

What do prediction markets expect for US core CPI for December 2026?

A middle estimate of 2.8%, with an 80% chance of 2.4% to 3.0%. The most likely single outcome is 2.9%, at 18%.

Where do these odds come from?

From prediction markets, where traders buy and sell contracts on what will happen. Narwhal blends their prices into one probability for each outcome.

How often do the odds update?

This page shows odds delayed by 15 minutes. The Predictions API serves live odds on paid plans.

Are these odds a forecast or advice?

No. They reflect traders' bets, which can change quickly. They are not an official forecast or investment advice.

Source
Prediction markets, blended by Narwhal; delayed 15 minutes, as of 9 Oct 2026, 08:30 UTC
Predictions API →
API
GET /v1/predictions/topics/usa-core-cpi-yoy
Predictions API →
Economics
Latest official figure
United States inflation rate →
Schedule
Official release dates
CPI release schedule 2026: next CPI release date →