Consumer Price Index ex Food & Energy (YoY)

The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

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Most recent - Wednesday 10 April 2024 12:30

3.8%

Forecast

3.7%

Actual

3.8%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Wednesday 15 May 2024 12:30

3.8%

Forecast

Actual

The typical/expected impact on USD pairs is high.

There is no forecast value for Consumer Price Index ex Food & Energy (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index ex Food & Energy (YoY) was 3.8% against a forecast of 3.7%.

Past events

Date

Forecast

Actual

Wednesday 10 April 2024 12:30

3.7%

3.8%

Tuesday 12 March 2024 12:30

3.7%

3.8%

Tuesday 13 February 2024 13:30

3.7%

3.9%

Thursday 11 January 2024 13:30

3.8%

3.9%

Tuesday 12 December 2023 13:30

Tuesday 14 November 2023 13:30

4.1%

Thursday 12 October 2023 12:30

4.1%

Wednesday 13 September 2023 12:30

4.3%

Thursday 10 August 2023 12:30

4.8%

4.7%

Wednesday 12 July 2023 12:30

4.8%

Tuesday 13 June 2023 12:30

5.3%

Wednesday 10 May 2023 12:30

5.5%

Wednesday 12 April 2023 12:30

5.6%

Tuesday 14 March 2023 12:30

5.5%

Tuesday 14 February 2023 13:30

5.5%

5.6%

Thursday 12 January 2023 13:30

5.7%

Tuesday 13 December 2022 13:30

6.1%

Thursday 10 November 2022 13:30

6.5%

6.3%

Thursday 13 October 2022 12:30

6.5%

6.6%

Tuesday 13 September 2022 12:30

6.1%

6.3%

Wednesday 10 August 2022 12:30

6.1%

5.9%

Wednesday 13 July 2022 12:30

5.7%

5.9%

Friday 10 June 2022 12:30

5.9%

Wednesday 11 May 2022 12:30

6.2%

Tuesday 12 April 2022 12:30

6.6%

6.5%

Thursday 10 March 2022 13:30

6.4%

Thursday 10 February 2022 13:30

5.9%

Wednesday 12 January 2022 13:30

5.4%

5.5%

Friday 10 December 2021 13:30

4.9%

Wednesday 10 November 2021 13:30

4.3%

4.6%

Wednesday 13 October 2021 12:30

Tuesday 14 September 2021 12:30

4.2%

Wednesday 11 August 2021 12:30

4.3%

Tuesday 13 July 2021 12:30

4.5%

Thursday 10 June 2021 12:30

3.4%

3.8%

Wednesday 12 May 2021 12:30

2.3%

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index ex Food & Energy (YoY) result:

		Previous	Latest
Industrial Production (MoM)	(no change)	0.4%	0.4%
Building Permits (MoM)	Bearish change	1.523M	1.458M
Housing Starts (MoM)	Bearish change	1.549M	1.321M
NY Empire State Manufacturing Index	Bullish change	-20.9	-14.3
Retail Sales (MoM)	Bearish change	0.9%	0.7%
Retail Sales Control Group	Bullish change	0.3%	1.1%
Retail Sales ex Autos (MoM)	Bullish change	0.6%	1.1%
Michigan Consumer Sentiment Index	Bearish change	79.4	77.9
UoM 5-year Consumer Inflation Expectation	Bullish change	2.8%	3%
Initial Jobless Claims	Bullish change	222K	211K
Producer Price Index (MoM)	Bearish change	0.6%	0.2%
Producer Price Index (YoY)	Bullish change	1.6%	2.1%
Producer Price Index ex Food & Energy (MoM)	Bearish change	0.3%	0.2%
Producer Price Index ex Food & Energy (YoY)	Bullish change	2.1%	2.4%
Monthly Budget Statement	Bullish change	$-296B	$-236B
Consumer Price Index (MoM)	(no change)	0.4%	0.4%
Consumer Price Index (YoY)	Bullish change	3.2%	3.5%
Consumer Price Index ex Food & Energy (MoM)	(no change)	0.4%	0.4%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.3%
Average Hourly Earnings (YoY)	Bearish change	4.3%	4.1%
Labor Force Participation Rate	Bullish change	62.5%	62.7%
Nonfarm Payrolls	Bullish change	270K	303K
U6 Underemployment Rate	(no change)	7.3%	7.3%
Unemployment Rate	Bullish change	3.9%	3.8%
Initial Jobless Claims	Bearish change	212K	221K
Challenger Job Cuts	Bullish change	84.638K	90.309K

About Consumer Price Index ex Food & Energy (YoY)

Country:	United States
Currency:	USD
Source:	US Bureau of Labor Statistics
Category:	Inflation
Frequency:	Monthly

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Calendar - Consumer Price Index ex Food & Energy (YoY) - United States

Consumer Price Index ex Food & Energy (YoY)

Most recent - Wednesday 10 April 2024 12:30

Next event - Wednesday 15 May 2024 12:30

Trading range

Trading range after each Consumer Price Index ex Food & Energy (YoY) event

Forecast history

Past events

Economic context

About Consumer Price Index ex Food & Energy (YoY)

Related events