US CPI m/m
Track US CPI m/m to gauge inflation's impact on Fed rate decisions, crucial for USD valuation.
Overview
Consumer prices play a significant role in overall inflation. Inflation impacts currency valuation, as increasing prices often prompt central banks to raise interest rates to adhere to their inflation control responsibilities.
Key Information
What it Measures
Variation in the prices of goods and services purchased by consumers.
Usual Effect
If the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • Released monthly, typically around 11 days after the end of the month.
How Data is Derived
The average price of various goods and services are sampled and then compared to the previous sampling
Also Known As
N/A
Acronym
Consumer Price Index (CPI)