The main measure of consumer inflation. Central banks target inflation, so this release shapes what they are expected to do next.
Dates come from the same table as the economic calendar, which is updated from the published schedule. Times shown are GMT; the calendar converts them.
| Published by | The national statistics office of each country |
|---|---|
| Usually released | Monthly, dates vary by country |
| Typical impact rating | High |
| Currency | USD |
| Moves gold? | Commonly, since gold is priced in dollars |
The change in the price of a basket of goods and services bought by households. It is published both as a month-on-month change and a year-on-year change, and the year-on-year figure is usually the one quoted as "the inflation rate".
Headline CPI includes everything. Core CPI strips out food and energy, whose prices swing for reasons that have little to do with underlying inflation. Central banks watch core more closely, and the market often reacts to core rather than to the headline.
Almost every major central bank has an inflation target, commonly around two percent. An inflation print away from that target changes what the market expects the bank to do with interest rates, and interest rate expectations move currencies more than anything else.
United States CPI is the most watched because of the dollar, but euro area, UK and Japanese inflation prints move their own currencies the same way. The calendar shows which currency each release belongs to.
What was published, against what was expected. The market reacts to the gap between forecast and actual, not to whether the number was good.
| Date | Currency | Actual | Forecast | Previous |
|---|---|---|---|---|
| 11 Sept 2026 | USD | — | 3.4% | 3.4% |
| 11 Sept 2026 | USD | — | 0.4% | 0.1% |
| 11 Sept 2026 | USD | — | 2.4% | 2.5% |
| 11 Sept 2026 | USD | — | 0.2% | 0.2% |
| 12 Aug 2026 | USD | — | 3.4% | 3.5% |
| 12 Aug 2026 | USD | — | 0.1% | -0.4% |
| 12 Aug 2026 | USD | — | 2.5% | 2.6% |
| 12 Aug 2026 | USD | — | 0.2% | 0.0% |
Core excludes food and energy prices. Those two are volatile for reasons unrelated to underlying inflation — weather, oil supply — so core is treated as the better guide to the trend, and it is what central banks watch most closely.
The one belonging to the currency you are trading. United States CPI has the widest reach because the dollar is on one side of most pairs and because gold is priced in dollars.
Not by itself. It raises the chance of higher interest rates, which tends to support a currency, but very high inflation signals economic problems that work the other way. The market reaction depends on what was already expected.
They measure the same thing with different baskets and different weights. The Federal Reserve prefers PCE as its target measure; the market watches CPI more closely because it is published earlier.
The journal on this site records the date of every trade and compares your results on days with a high impact release against every other day. That turns a general worry about trading the news into a figure about your own record.