TOTAL VOLUME:
$150.1b
24H VOL:
$142,857,652
24H TRANSACTIONS:
2,859,322,643
OPEN INTEREST:
$1,733,278,615
483,990
Markets across
35,811
events
MATCHED EVENTS:
3,349
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
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This event tracks whether the Consumer Price Index will experience inflation exceeding 3.0% over the twelve-month period ending in November 2026, as measured by the Bureau of Labor Statistics. The market structure allows participants to bet on multiple escalating inflation thresholds, from 3.0% up to 5.0% in increments of 0.1 percentage points. The outcome depends on the official one-decimal place CPI figure released by the BLS for that period.
Resolution is based on the Consumer Price Index year-over-year increase for the twelve months ending November 2026, as reported by the Bureau of Labor Statistics to one decimal place. The event encompasses multiple thresholds ranging from above 3.0% to above 5.0%, allowing participants to bet on different inflation intensity levels. If a federal government shutdown delays the data release and impacts the reliability of the source agency, the market's expiration date will be extended to the sooner of the actual data release or six months after the shutdown ends.
Currently, prediction market participants are expressing a view on November 2026 inflation that may differ from traditional analyst forecasts. While many economic analysts predict a continued decline in inflation, this market reflects traders’ assessment of potential upside risks. It’s important to note that prediction markets represent a collective intelligence, incorporating a wide range of information and perspectives, and can sometimes anticipate shifts in sentiment before they are reflected in conventional economic projections. Do analysts anticipate a similar outcome to what’s priced in this market?
On Kalshi, this market is priced using a continuous double auction, meaning traders buy and sell contracts representing different inflation outcomes. The price of a contract reflects the probability of that outcome occurring, as perceived by the market participants. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate and new information becomes available, the prices will adjust, providing a real-time assessment of inflation expectations. The current price reflects the collective wisdom of those trading in this market, and is influenced by factors like economic data releases and geopolitical events.
This market resolves around Dec 10, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, the resolution will be based on the Consumer Price Index for All Urban Consumers (CPI-U) released by the U.S. Bureau of Labor Statistics for the month of November 2026, expressed as a year-over-year percentage change. The market will determine whether the reported CPI YoY figure falls into one of the predefined outcome ranges offered on Kalshi.
Several key signals and events could significantly impact the November 2026 inflation market. Unexpected changes in energy prices, particularly oil and natural gas, are major drivers of inflation. Geopolitical instability, such as conflicts or trade disruptions, could also lead to supply chain issues and increased prices. Furthermore, shifts in monetary policy by the Federal Reserve, including interest rate adjustments or quantitative easing measures, will be closely watched. Stronger-than-expected economic growth or a tightening labor market could also put upward pressure on inflation, influencing trading activity in this market.