US CPI y/y
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is among the few non-seasonally adjusted numbers reported on the calendar;
- US CPI y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 12, 2024 | 3.3% | 3.4% | 3.4% |
May 15, 2024 | 3.4% | 3.4% | 3.5% |
Apr 10, 2024 | 3.5% | 3.4% | 3.2% |
Mar 12, 2024 | 3.2% | 3.1% | 3.1% |
Feb 13, 2024 | 3.1% | 2.9% | 3.4% |
Jan 11, 2024 | 3.4% | 3.2% | 3.1% |
Dec 12, 2023 | 3.1% | 3.1% | 3.2% |
Nov 14, 2023 | 3.2% | 3.3% | 3.7% |
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- US CPI y/y News
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Asset prices spiked higher in early trading on Tuesday after the latest Consumer Price Index (CPI) came in cooler than expected, but the gains moderated in the afternoon after the Federal Reserve held interest rates unchanged and projected just one rate cut this year, down from the two markets had been anticipating. “Consumer prices were unchanged in May from the previous month, which is a good sign, considering the slight decline of the CPI in April,” said Leena ElDeeb, Research Associate at 21Shares, in a note shared with Kitco ...
A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates. The so-called core consumer price index — which excludes food and energy costs — climbed 0.2% from April, Bureau of Labor Statistics figures showed. The year-over-year measure rose 3.4%, cooling to the slowest pace in more than three years, according to data out Wednesday. The figures, taken with the deceleration in the core CPI in April, may ...
The Consumer Price Index was flat in May, while the core measure that strips out food and energy rose 0.2%, the Labor Department said on Wednesday. Why it matters: For the second straight month, inflation slowed — welcome news for American households and policymakers after a hot start to 2024. By the numbers: The latest CPI figures show overall prices did not rise at all — compared to the 0.3% increase in April, while the core measure rose by the same amount. • Over the last 12 months ending in May, the index rose 3.3%, compared to ...
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment. More than offsetting a decline in gasoline, the index for shelter rose in May, up 0.4 percent for the fourth consecutive month. The index for food increased 0.1 percent in May. The food away from home index rose 0.4 percent over the month, while ...
The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of May 2024 is 3.4%. If 3.4% is the actual year-over-year increase in the CPI, it will match the number from the prior month. Last month (April 2024), the consumer price index increased by 3.4% (year-over-year, not seasonally adjusted), compared to the median estimate of 3.4%. Over the past 12 months, the increase in the CPI has surpassed the median estimate in 6 months, matched the median estimate in 2 months, and fallen ...
Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that starts in the morning with the pivotal consumer price index reading for May and ends with the Fed’s policy meeting in the afternoon, vital signals will be sent about the direction of the economy and whether policymakers can soon take their foot off the brake. The day “packs months of macro risk into one day,” ...
US CPI data and Fed to determine the dollar’s fate - Will the BoJ signal that another rate hike is looming? - Pound traders await UK employment and GDP numbers - RBA hike bets shrink ahead of AU jobs and China CPI data
Released on Jun 12, 2024 |
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