When Is the Next CPI Report?
The Bureau of Labor Statistics' Consumer Price Index measures the average change in prices paid by urban consumers for a fixed basket of goods and services. Markets watch the year-over-year and month-over-month changes for headline CPI and for core CPI (excluding food and energy), because they feed directly into Federal Reserve policy expectations.
By Joey van Diest, founder and editorUpdated
Next CPI release
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CPI is normally published mid-month for the prior month, at 8:30 am ET.
Last release
- Actual
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- Forecast
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- Prior
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Unit: % YoY. Ten years of history.
What this release moves
CPI is the single most market-moving scheduled release in the US calendar. A hotter-than-forecast print repricing rate expectations can move Treasury yields, the dollar and equity index futures within seconds of 8:30 am ET; a soft print does the reverse. Options markets price an elevated expected move for CPI mornings, and the reaction often sets the tone for the trading week.
Frequently asked questions
- What time is the CPI report released?
- At 8:30 am Eastern Time, usually in the second week of the month, covering the previous month. The exact date for the next print is shown in the countdown above, sourced from the economic calendar.
- What is the difference between headline and core CPI?
- Headline CPI covers the full basket; core CPI strips out food and energy, whose prices are volatile month to month. The Fed and most economists treat core as the better read on underlying inflation trend, so a divergence between the two often decides the market reaction.
- Why does CPI move markets more than most data?
- Because it feeds the Federal Reserve reaction function most directly. Rate expectations reprice on the print, and everything priced off rates, bonds, the dollar, equity valuations, moves with them.
Method and limitations
Chart series: CPIAUCSL (CPI-U, all items, seasonally adjusted) transformed to year-over-year percent change: YoY = (CPI_t ÷ CPI_t−12 − 1) × 100.
The countdown reads the same feed as our economic calendar and converts the scheduled time to your timezone; when the feed window does not yet include the next date, the typical schedule is shown instead of a guess. History values are official published figures and can differ from initial prints where agencies revise data.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Data sources
- FRED / U.S. government: CPIAUCSL — refreshed four times daily via our server cache
- Release timing from the Economicium economic calendar — countdown reflects the calendar feed; times shown in your local timezone
For general information and education only. This is not financial advice and not a recommendation to buy or sell anything. Trading and investing carry risk, including the risk of losing more than your initial outlay. Always verify figures against your broker or the original source before acting on them.
Spotted an error? Email[email protected]and it will be corrected. Maintained byJoey van Diest.