KalshiMacro / FedDevelopingUpdated 6m ago

Will the rate of CPI inflation be above 3.8% for the year ending in November 2026?

As of Oct 12, 2026, 2:28 AM ET, Kalshi priced this market at 52.0% (up from 48.5% 24 hours earlier). It had $211.1 traded in the past 24 hours and a bid-ask spread of 2.0 pts.

Market probability
52.0%
+3.5 percentage points
over 24 hours48.5% → 52.0%
Limited data

The venue's feed doesn't report liquidity for this market; we can't yet see which accounts drove today's move.

Price historyKalshi

Source: Kalshi price history

How credible was the move?

Methodology →

Move validity

Insufficient data

Consensus stability

Forming

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

UnknownTight spreadThin market

Book depth (±5 pts)

$198.7

live order book

Bid-ask spread

2.0 pts

24h volume

$211.1

Open interest

$52K

It would take roughly $105.7 of buying to move the price up by ~5 pts.

The venue's feed omits liquidity, so the score treats depth as unknown — the live order book above is the best read of how hard this price is to move.

Who's trading

Whose opinion is this price?

Participation data isn't captured for this market yet.

Participation data isn't captured for this market yet, so we can't say how many accounts set this price.

What this market actually measures

If the Consumer Price Index (CPI) increases by more than 3.8% in the twelve months ending November 2026 (as represented by the one-decimal place value reported by the Bureau of Labor Statistics), then the market resolves to Yes.

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.

View full official resolution rules

If the Consumer Price Index (CPI) increases by more than 3.8% in the twelve months ending November 2026 (as represented by the one-decimal place value reported by the Bureau of Labor Statistics), then the market resolves to Yes.

Resolution source: If the Consumer Price Index (CPI) increases by more than 3.8% in the twelve months ending …

Why the odds moved

The probability rose 3.5 percentage points over the last 24 hours (48.5% → 52.0%).

No verified catalyst has been linked to this move yet. ProbCast does not attribute moves to news without evidence connecting the timing of a specific report to the repricing.

What could move this market next?

  • The market's deadline arrivesDecember 10, 2026 at 8:29 AM ET

    The contract must resolve based on what has happened by this date.

Derived from the contract's own mechanics as of Oct 12, 2:33 AM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Advanced analysis (experimental)

Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±28 pts.

Thin marketLegacy movement classifier: watch

What's happening

medium classifier confidence
Thin market

Thin book and/or wide spread. Small orders can move this price disproportionately, so any single print is noisy and easily overread.

  • Thin book and/or wide spread.

Read with caution —Read the latest price with caution; conditions make it an unreliable summary right now.

More details — reliability score, dynamics, durability
Reliability score
8Low
Where the price path tends to go next1124 observed
  • Illiquid / quiet99%

Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.

DurabilityMedium· half-life ~24h
PredictabilityElevated irreducibility

A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Market data

24h volume

$211.1

Liquidity

$0

Total volume

$69.1K

Category
Macro / Fed
Venue
Kalshi
Open interest
$52K
Spread
2.0 pts
Best bid
51.0%
Best ask
53.0%
7-day range
48.5% – 52.0%
Resolves
Dec 10, 2026
Resolution
If the Consumer Price Index (CPI) increases by more than 3.8% in the twelve months ending …
Change (pts)1H+0.56H+1.524H+3.57D+3.5

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