What happened
Actual 3.7% came in above forecast 3.6%. Previous was 3.4%, now higher than that.
What it means
This is an inflation figure. The central bank sets interest rates based on inflation, so both currency and gold watch this closely.
High impact · 🇺🇸 USD · Latest releaseGuide
US Inflation Rate YoY
Released · Sep
Actual3.7%
Forecast3.6%
Previous3.4%
Next release
All times are shown in your own time zone.
What is this news
CPI (Consumer Price Index) measures changes in prices of everyday items: food, rent, fuel, clothes, services. This is the main inflation number. Released by Bureau of Labour Statistics. This comes every month.
How important it is
The central bank's main job is to control inflation, so every interest rate decision is tied to this number. This is a High impact event on FxGram: USD pairs often see sharp moves at this time.
What this data does
Generally, if inflation comes in above forecast, expectations of a rate hike (or rates staying high) increase, which affects the currency. If below forecast, talk of rate cuts increases.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep | 3.7% | 3.6% | 3.4% |
| Aug | 3.4% | 3.4% | 3.4% |
| Jul | 3.4% | 3.4% | 3.5% |
| Jun | 3.5% | 3.8% | 4.2% |
| May | 4.2% | 4.2% | 3.8% |
| Apr | 3.8% | 3.7% | 3.3% |
| Mar | 3.3% | 3.3% | 2.4% |
| Feb | 2.4% | 2.4% | 2.4% |
| Jan | 2.4% | 2.5% | 2.7% |
| Dec | 2.7% | 2.7% | 2.7% |
| Nov | 2.7% | 3.1% | — |
| Sep | 3% | 3.1% | 2.9% |
| Aug | 2.9% | 2.9% | 2.7% |
| Jul | 2.7% | 2.8% | 2.7% |
Data: Bureau of Labour Statistics, via TradingView economic calendar.
See full calendar