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Consumer Price Index (YoY)

The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

Most recent - Wednesday 13 September 2023 12:30

Previous
3.2%
Forecast
3.6%
Actual
3.7%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Thursday 12 October 2023 12:30

Previous
3.7%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Consumer Price Index (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index (YoY) was 3.7% against a forecast of 3.6%.

Past events

Date
Forecast
Actual
Wednesday 13 September 2023 12:30
3.6%
3.7%
Thursday 10 August 2023 12:30
3.3%
3.2%
Wednesday 12 July 2023 12:30
3.1%
3%
Tuesday 13 June 2023 12:30
4.1%
4%
Wednesday 10 May 2023 12:30
5%
4.9%
Wednesday 12 April 2023 12:30
5.2%
5%
Tuesday 14 March 2023 12:30
6%
6%
Tuesday 14 February 2023 13:30
6.2%
6.4%
Thursday 12 January 2023 13:30
6.5%
6.5%
Tuesday 13 December 2022 13:30
7.3%
7.1%
Thursday 10 November 2022 13:30
8%
7.7%
Thursday 13 October 2022 12:30
8.1%
8.2%
Tuesday 13 September 2022 12:30
8.1%
8.3%
Wednesday 10 August 2022 12:30
8.7%
8.5%
Wednesday 13 July 2022 12:30
8.8%
9.1%
Friday 10 June 2022 12:30
8.3%
8.6%
Wednesday 11 May 2022 12:30
8.1%
8.3%
Tuesday 12 April 2022 12:30
8.4%
8.5%
Thursday 10 March 2022 13:30
7.9%
7.9%
Thursday 10 February 2022 13:30
7.3%
7.5%
Wednesday 12 January 2022 13:30
7%
7%
Friday 10 December 2021 13:30
6.8%
6.8%
Wednesday 10 November 2021 13:30
5.8%
6.2%
Wednesday 13 October 2021 12:30
5.3%
5.4%
Tuesday 14 September 2021 12:30
5.3%
5.3%
Wednesday 11 August 2021 12:30
5.3%
5.4%
Tuesday 13 July 2021 12:30
4.9%
5.4%
Thursday 10 June 2021 12:30
4.7%
5%
Wednesday 12 May 2021 12:30
-
4.2%
Tuesday 13 April 2021 12:30
2.5%
2.6%
Wednesday 10 March 2021 13:30
1.7%
1.7%
Wednesday 10 February 2021 13:30
1.5%
1.4%
Wednesday 13 January 2021 13:30
1.3%
1.4%
Thursday 10 December 2020 13:30
1.1%
1.2%
Thursday 12 November 2020 13:30
1.3%
1.2%
Tuesday 13 October 2020 12:30
1.4%
1.4%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:

PreviousLatest
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change4.3%3.9%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bullish change3.4%3.5%
Personal Income (MoM)Bullish change0.2%0.4%
Personal SpendingBearish change0.9%0.4%
Pending Home Sales (MoM)Bearish change0.9%-7.1%
Core Personal Consumption Expenditures (QoQ)(no change)3.7%3.7%
Gross Domestic Product Annualized(no change)2.1%2.1%
Gross Domestic Product Price IndexBearish change2%1.7%
Initial Jobless ClaimsBearish change202K204K
Personal Consumption Expenditures Prices (QoQ)(no change)2.5%2.5%
Durable Goods OrdersBullish change-5.6%0.2%
Durable Goods Orders ex DefenseBullish change-6%-0.7%
Durable Goods Orders ex TransportationBullish change0.1%0.4%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.9%
New Home Sales Change (MoM)Bearish change8%-8.7%
Housing Price Index (MoM)Bullish change0.4%0.8%
S&P Global Composite PMIBearish change50.250.1
S&P Global Manufacturing PMIBullish change47.948.9
S&P Global Services PMIBearish change50.550.2
Existing Home Sales Change (MoM)Bullish change-2.2%-0.7%
Initial Jobless ClaimsBullish change221K201K
Philadelphia Fed Manufacturing SurveyBearish change12-13.5
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change4.6%5.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBearish change3.1%2.9%
Interest Rate Projections - Current(no change)5.6%5.6%
Interest Rate Projections - Longer(no change)2.5%2.5%
Building Permits (MoM)Bullish change1.443M1.543M
Housing Starts (MoM)Bearish change1.447M1.283M
Michigan Consumer Sentiment IndexBearish change69.567.7
UoM 5-year Consumer Inflation ExpectationBearish change3%2.7%

About Consumer Price Index (YoY)

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Inflation
Frequency:Monthly

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