Markets bet on whether core CPI inflation will exceed 3.1% by November 2025

Kalshi has reported 26,399 in volume over the last 24 hours on their market for “Will the rate of core CPI inflation be above 3.1% for the year ending in November 2025?”, making it one of the hottest markets on the platform today.

The market currently is implying a 21% chance for "Above 3.1", which is down from yesterday, when the market implied a 22% probability.

If the Consumer Price Index (CPI) for All Urban Consumers: All Items less Food and Energy increases by more than 3.1% in the twelve months ending November 2025 (as represented by the one-decimal place value reported by the Bureau of Labor Statistics), then the market resolves to Yes.

In total, this market has seen a volume of 60,148 transactions since it was first opened on October 16, 2025. There are 58,845 positions of open interest in this market, and the overall liquidity is sitting at 2,756,951 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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• Donald Trump out this year? (24h volume: 66725)