CPI (Consumer Price Index)
The CPI is the US Consumer Price Index, published every month by the Bureau of Labor Statistics at 8:30 a.m. New York time, which is 2:30 p.m. in Paris most of the year. It measures the average change in the prices consumers pay for a representative basket of goods and services; its most-quoted version, the CPI-U, covers more than 90% of the population. It comes in two versions: headline CPI and core CPI, which excludes food and energy and shows the underlying trend in inflation. Markets react to the gap between the published number and the consensus: a CPI higher than expected leads markets to anticipate higher rates from the FOMC. Reading, calendar, and market reactions: the complete guide.
See also
The index that tracks, month after month, the selling prices of US producers.
The price index on which the Fed defines its 2% inflation target.
Inflation excluding food and energy, which shows the underlying trend in prices.
The schedule of upcoming economic releases, with their time, impact, and consensus.
The rate at which a central bank lends to commercial banks — the “rent on money.”