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 14 August 2024 12:30

Previous
3%
Forecast
3%
Actual
2.9%

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

Next event - Wednesday 11 September 2024 12:30

Previous
-
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 2.9% against a forecast of 3%.

Past events

Date
Forecast
Actual
Wednesday 14 August 2024 12:30
3%
2.9%
Thursday 11 July 2024 12:30
3.1%
3%
Wednesday 12 June 2024 12:30
3.4%
3.3%
Wednesday 15 May 2024 12:30
3.4%
3.4%
Wednesday 10 April 2024 12:30
3.4%
3.5%
Tuesday 12 March 2024 12:30
3.1%
3.2%
Tuesday 13 February 2024 13:30
2.9%
3.1%
Thursday 11 January 2024 13:30
3.2%
3.4%
Tuesday 12 December 2023 13:30
3.1%
3.1%
Tuesday 14 November 2023 13:30
3.3%
3.2%
Thursday 12 October 2023 12:30
3.6%
3.7%
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%

Economic context

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

PreviousLatest
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change89K142K
U6 Underemployment RateBearish change7.8%7.9%
Unemployment RateBullish change4.3%4.2%
ISM Services Employment IndexBearish change51.150.2
ISM Services New Orders IndexBullish change52.453
ISM Services PMIBullish change51.451.5
ISM Services Prices PaidBullish change5757.3
S&P Global Composite PMIBullish change54.154.6
Initial Jobless ClaimsBullish change232K227K
Nonfarm ProductivityBullish change2.3%2.5%
Unit Labor CostsBearish change0.9%0.4%
ADP Employment ChangeBearish change111K99K
Challenger Job CutsBullish change25.885K75.891K
Factory Orders (MoM)Bullish change-3.3%5%
JOLTS Job OpeningsBearish change7.91M7.673M
ISM Manufacturing Employment IndexBullish change43.446
ISM Manufacturing New Orders IndexBearish change47.444.6
ISM Manufacturing PMIBullish change46.847.2
ISM Manufacturing Prices PaidBullish change52.954
Michigan Consumer Sentiment IndexBullish change67.867.9
UoM 5-year Consumer Inflation Expectation(no change)3%3%
Chicago Purchasing Managers' IndexBullish change45.346.1
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.6%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Personal Consumption Expenditures - Price Index (YoY)(no change)2.5%2.5%
Personal Income (MoM)Bullish change0.2%0.3%
Personal SpendingBullish change0.3%0.5%
Pending Home Sales (MoM)Bearish change4.8%-5.5%
Core Personal Consumption Expenditures (QoQ)Bearish change2.9%2.8%
Gross Domestic Product AnnualizedBullish change2.8%3%
Gross Domestic Product Price IndexBullish change2.3%2.5%
Initial Jobless ClaimsBullish change233K231K
Personal Consumption Expenditures Prices (QoQ)Bearish change2.6%2.5%
Housing Price Index (MoM)Bearish change0%-0.1%
Durable Goods OrdersBullish change-6.9%9.9%
Durable Goods Orders ex DefenseBullish change-7.5%10.4%
Durable Goods Orders ex TransportationBearish change0.1%-0.2%
Nondefense Capital Goods Orders ex AircraftBearish change0.5%-0.1%

About Consumer Price Index (YoY)

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

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