November CPI consensus leans mildly positive, below 0.2 percent

Name: November CPI consensus leans mildly positive, below 0.2 percent
Creator: ClearMarket
Published: 2026-11-02T00:00:00.000Z
License: https://creativecommons.org/licenses/by/4.0/

Kalshi ladder

record: CMSIG2026110204 | category: momentum-repricing | target: CM-EVT-T57DHL6V48 | published: 2026-11-02

4-bullet brief | narrative

Kalshi ladder prices November 2026 CPI in the +0.1% to +0.2% range: 63% above 0.1%, 48% above 0.2%, dropping to 22% above 0.3%.
September PCE reacceleration to 3.6% is a hawkish backdrop, but the Kalshi distribution for November CPI does not price an outsized spike, suggesting the market is not yet pricing a second-order PCE-to-CPI spillover.
The 84% probability above 0.0% means deflation or flat CPI is largely ruled out; only a modest positive print is the consensus expectation.
The core CPI annual rate ladder (event CM-EVT-BXDL61HVR9 from story 6) puts 60% on year-over-year core CPI above 2.8%, offering a longer-horizon complement that confirms persistent above-target pricing.

atomic briefs | structured for retrieval

[01] news_event

significance

surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market

story: PCE inflation accelerated to 3.6% in September from 3.4% in August, underscoring persistent price pressures in the US economy ahead of the midterms.exa_search → International Finance Business Desk · as_of 2026-11-02T07:48:26+00:00
publisher: International Finance Business Desk
published_at: 2026-11-02T00:00:00.000Z
source_url: https://internationalfinance.com/macroeconomy/midterms-2026-us-gdp-grows-3-4-but-inflation-keeps-pressure-on-economy/

[02] pm_response

interp: Kalshi ladder covers the November 2026 CPI month-over-month distribution; the market-implied range of 0.1-0.2% is a modest positive reading despite a hot PCE backdrop.llm_judge_cm_signal_v1

evaluation

News-cycle wires publish on coverage, not editorial selection — the day’s top stories matched to the prediction markets pricing them, so nothing is cherry-picked.

judge_engine: none — deterministic news-cycle scan
judge_verdict: auto_published
judge_confidence: n/a — no judge gate (deterministic publishing)
prompt_template: news_cycle_v1 github · auditable
match_method: entity_slug_match (mechanical)

citation graph

Every wire traces back to the ClearMarket event it is built on, and out to each venue’s own market page — so any figure here can be verified at its source.

internal

cm_event: /events/kxcpi-26nov/

external

venue_a: https://kalshi.com/markets/KXCPI-26NOV-T0.2

programmatic access · four surfaces, same payload

AI grounded search reads embedded JSON-LD in HTML. Developers query REST. Agentic AI clients (Claude Desktop, Cursor) call MCP tools. AI crawlers index via /llms.txt. Same canonical record at every surface.

HTML	browsers, AI grounded search, crawlers (contains embedded JSON-LD `@type: Dataset`)	`https://clearmarket.fyi/signals/nov-cpi-change-kalshi-ladder-implies-0-1-to-0-2-2026-11-02/`
JSON	REST API for developers	`https://clearmarket.fyi/signals/nov-cpi-change-kalshi-ladder-implies-0-1-to-0-2-2026-11-02.json`
MCP	agentic AI tool call (Claude Desktop, Cursor, Continue)	`clearmarket.get_signal("nov-cpi-change-kalshi-ladder-implies-0-1-to-0-2-2026-11-02")`
AGENT	AI crawler discovery index	`/llms.txt`

 PM data: platform APIs (hourly refresh). News context: retrieved with source citations. Editorial judgment: LLM judge with prompt template versioned per wire type. Per-claim provenance inline above; full per-field provenance map at the JSON endpoint under field_provenance.
  raw JSON record · same payload returned by REST endpoint
 {
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "provenance_version": "0.2.0",
  "record_id": "CMSIG2026110204",
  "published_at": "2026-11-02T00:00:00.000Z",
  "detection": "news_cycle",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "pre_news_classification": "concurrent",
  "target_event_id": "CM-EVT-T57DHL6V48",
  "target_event_slug": "kxcpi-26nov",
  "event_question": "November 2026 CPI month-over-month change",
  "bullets": [
    "Kalshi ladder prices November 2026 CPI in the +0.1% to +0.2% range: 63% above 0.1%, 48% above 0.2%, dropping to 22% above 0.3%.",
    "September PCE reacceleration to 3.6% is a hawkish backdrop, but the Kalshi distribution for November CPI does not price an outsized spike, suggesting the market is not yet pricing a second-order PCE-to-CPI spillover.",
    "The 84% probability above 0.0% means deflation or flat CPI is largely ruled out; only a modest positive print is the consensus expectation.",
    "The core CPI annual rate ladder (event CM-EVT-BXDL61HVR9 from story 6) puts 60% on year-over-year core CPI above 2.8%, offering a longer-horizon complement that confirms persistent above-target pricing."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "International Finance Business Desk",
          "source_url": "https://internationalfinance.com/macroeconomy/midterms-2026-us-gdp-grows-3-4-but-inflation-keeps-pressure-on-economy/",
          "retrieved_at": "2026-11-02T07:48:26+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market"
      },
      "story": "PCE inflation accelerated to 3.6% in September from 3.4% in August, underscoring persistent price pressures in the US economy ahead of the midterms.",
      "publisher": "International Finance Business Desk",
      "published_at": "2026-11-02T00:00:00.000Z",
      "source_url": "https://internationalfinance.com/macroeconomy/midterms-2026-us-gdp-grows-3-4-but-inflation-keeps-pressure-on-economy/"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Kalshi ladder covers the November 2026 CPI month-over-month distribution; the market-implied range of 0.1-0.2% is a modest positive reading despite a hot PCE backdrop."
    }
  ],
  "evaluation": {
    "judge_engine": "none — deterministic news-cycle scan",
    "judge_verdict": "auto_published",
    "judge_confidence": null,
    "prompt_template": "news_cycle_v1"
  },
  "citations": {
    "internal": {
      "cm_event": "/events/kxcpi-26nov/",
      "related": []
    },
    "external": {
      "venue_a": "https://kalshi.com/markets/KXCPI-26NOV-T0.2",
      "venue_b": null,
      "benchmark": null
    }
  },
  "sources": [
    {
      "label": "International Finance Business Desk: Midterms 2026: US GDP grows 3.4%, but inflation keeps pressure on econ",
      "url": "https://internationalfinance.com/macroeconomy/midterms-2026-us-gdp-grows-3-4-but-inflation-keeps-pressure-on-economy/",
      "published_at": "2026-11-02T00:00:00.000Z",
      "retrieved_at": "2026-11-02T07:48:26+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  }
}
 
   PROVENANCE PROTOCOL v0.2 · [direct] venue api · [mediated] grounded web fetch + source url · [derived] computed from listed inputs · [editorial] versioned llm judgment · full spec /schema/provenance/v1

record CMSIG2026110204 published 2026-11-02T00:00:00.000Z signature sha256-b499411b253… ← underlying event all signals →