CPI (YoY)
Tue · Jul 14 · 8:30 AM ET
Release history
| Period | Actual | Prior | S&P that day |
|---|---|---|---|
| May 2026 | 4.3% | 3.9% | +0.3% |
| Apr 2026 | 3.9% | 3.3% | +0.8% |
| Mar 2026 | 3.3% | 2.7% | +0.1% |
| Feb 2026 | 2.7% | 2.8% | +0.5% |
| Jan 2026 | 2.8% | 3% | +0.2% |
| Dec 2025 | 3% | 3% | -0.5% |
| Nov 2025 | 3% | 3% | +0.2% |
| Sep 2025 | 3% | 2.9% | -0.7% |
“S&P that day” = S&P 500 (SPY) close-to-close move on the release date — a proxy for the market’s reaction.
What is CPI?
The Consumer Price Index (CPI), published monthly by the Bureau of Labor Statistics, measures the average change in prices U.S. households pay for a fixed basket of goods and services — from groceries and rent to gasoline and healthcare.
Why it moves markets
CPI is the headline gauge of inflation. Because the Federal Reserve targets 2% inflation, a hot CPI can delay or cancel interest-rate cuts, lifting bond yields and pressuring stocks — especially long-duration growth and rate-sensitive names like tech, real estate and utilities.
How to read it
Watch the year-over-year (YoY) rate versus the prior month and the forecast. "Core" CPI (excluding volatile food and energy) matters most to the Fed. A print above expectations is typically bearish for stocks and bullish for the dollar; a cooler print revives rate-cut bets.
Upcoming releases
Times in U.S. Eastern (ET). Economic data from official sources (FRED); schedules and AI estimates may change. For information only — not investment advice.