Consumer Price Index
Also called CPI, core CPI, US inflation
An index of the prices urban US consumers pay for goods and services, published monthly by the Bureau of Labor Statistics.
How do CPI and core CPI differ?
CPI combines the prices of what consumers buy, from food and energy to rent and medical care, into an index, usually quoted as the change from a year earlier.
Core CPI leaves out volatile food and energy to show the underlying trend. On release days the gap from expectations often moves rates and stocks.
Whalegun's economic data page shows the latest CPI and core CPI, their release history and the next release date.
See it on Whalegun
More terms in this area
- FOMCThe Federal Reserve body that sets the policy rate; it holds eight scheduled meetings a year.
- Federal funds rateThe rate at which US banks lend each other overnight money; the Fed sets a target range for it, and that range is the US policy rate.
- Dot plotA chart in which each FOMC participant places one dot at the year-end policy rate they think appropriate.
- PCE price indexThe personal consumption expenditures price index, published monthly by the Bureau of Economic Analysis; the Fed's 2% inflation goal is set on it.
- Jobs reportThe Bureau of Labor Statistics report, usually released on the first Friday of the month, with the change in nonfarm payrolls and the unemployment rate.
- US Treasury yieldsThe yields on US government debt, quoted by maturity: the 2-year, the 10-year and others.