CPI (Consumer Price Index)

CPI (Consumer Price Index) News

The most-watched measure of consumer inflation, tracking prices of a basket of goods and services households buy.

What is CPI (Consumer Price Index)?

CPI measures the average change over time in prices paid by urban consumers for a representative basket of goods and services. Major components typically include: housing/shelter (largest weight), food, energy, transportation, medical care, recreation. Released monthly in most countries — US Bureau of Labor Statistics, India's Ministry of Statistics, Eurostat, etc. The "core" version excludes food and energy.

Why it matters for investors

CPI is the headline inflation measure that drives central bank decisions, Treasury Inflation-Protected Securities (TIPS) returns, Social Security/pension adjustments, and most contractual inflation escalators. Markets react sharply to CPI surprises — a 0.1% miss vs. expectations can move bond yields significantly.

Frequently asked questions

How is CPI calculated?

Statistical agencies survey thousands of prices across categories monthly. Items are weighted by household spending share (rent has higher weight than haircuts). Geographic averaging produces a single index. Year-over-year change is the headline number.

Why does CPI sometimes feel wrong?

CPI is an average across categories and regions. Your personal inflation rate depends on your spending mix. If you don't own real estate, shelter doesn't affect you the same way. CPI also struggles to capture quality changes and product substitution.

What is PCE inflation?

Personal Consumption Expenditures — the Fed's preferred inflation measure. PCE has a different basket and methodology (substitution effects), typically running ~0.3-0.5% lower than CPI.

🇩🇪 Germany

AUD/USD Holds at 0.7030 as Weak Chinese PMI and Fading RBA Rate-Hike Bets Limit Upside

AUD/USD traded around 0.7030, pulling back from a multi-week high of 0.7045 set earlier in the session

Aug 1, 2026

🇬🇧 United Kingdom

UK Petrol Hits 160p-Per-Litre Iran War High, Squeezing Household Budgets Ahead of Holiday Season

UK petrol average pump price reached 160p per litre — a new Iran War-era high — adding financial pressure on millions of households.

Aug 1, 2026

🇬🇧 United Kingdom

Eurozone Inflation Climbs to 2.9% in July, Energy Shock Puts ECB September Rate Cut in Doubt

Eurozone inflation rose to 2.9% in July as the Middle East conflict drives energy costs higher, complicating the ECB's September rate decision and pressuring growth-sensitive European sectors.

Aug 1, 2026

🇰🇷 South Korea

Pulmuone Raises Prices 6.7% on 30 Products as Korean Food Sector Cost Inflation Accelerates

Pulmuone Foods will raise prices on 30 products including hotdogs, dumplings, and cold noodles by an average 6.7% from August 13 due to rising raw material and packaging costs.

Aug 1, 2026

🇰🇷 South Korea

US June Core PCE Holds at 3.3% as Consumer Spending Grows 0.4%, Fed Pause Extended

US June PCE data showed consumer spending up 0.4% in real terms while core inflation held at 3.3% annually, keeping the Federal Reserve on hold and confirming that a near-term rate cut remains premature.

Jul 31, 2026

🇸🇬 Singapore

Eurozone July Inflation Rises to 2.9%, Bolstering ECB Case for Further Rate Hikes

Eurozone headline inflation ticked up to 2.9% in July from 2.8%, beating expectations and reinvigorating the ECB argument for additional monetary tightening as services price pressures remain sticky.

Jul 31, 2026

🇨🇦 Canada

Tokyo Inflation Quickens for Second Month, Keeping BOJ on Rate Hike Path

Tokyo's inflation pace quickened for a second consecutive month, reinforcing expectations for further Bank of Japan rate increases

Jul 31, 2026

🇮🇳 India

India Food Inflation Returns as Onions, Vegetables Surge on Monsoon Disruption

Acuite Ratings warns heatwave-led supply disruptions and deficient rainfall risk keeping food inflation elevated for months

Jul 25, 2026

🇺🇸 United States

Fed's Favorite Inflation Tracker (PCE) Is Getting an Overhaul — Just as Rate Cuts Loom

The PCE deflator is undergoing a methodology overhaul at the most sensitive moment — as the Fed weighs rate cuts — potentially altering the inflation trajectory narrative that drives FOMC policy decisions.

Jul 23, 2026

🇺🇸 United States

Inflation Slowed in June But Fed Chair Warsh Warns Rate Hikes Remain on the Table

US June inflation data showed deceleration but new Fed Chair Kevin Warsh signaled that a single cooling print is insufficient to prevent rate hikes, maintaining a hawkish posture that complicates the rate-cut narrative.

Jul 21, 2026

🇨🇦 Canada

New Zealand Inflation Hits 2-Year High on Fuel Surge, Bolstering Case for RBNZ Rate Hike

New Zealand's annual inflation surged to its fastest pace in two years driven by soaring fuel prices, complicating the RBNZ's easing plans and potentially triggering a short squeeze on record NZD short positions.

Jul 21, 2026

🇺🇸 United States

Inflation Report Calms Rate Hike Fears But Fed Maintains Vigilant Stance

A recent US inflation report eased immediate fears of additional Federal Reserve rate hikes.

Jul 20, 2026

🇮🇳 India

India Markets Face Gap-Down Open as GIFT Nifty Slides and Brent Crude Tops $90

GIFT Nifty signaled a gap-down open for NSE Nifty 50 and BSE Sensex, trading at 24,295 vs Friday's 24,334 close.

Jul 19, 2026

🇸🇬 Singapore

US June Retail Sales Rise Just 0.2% as Consumers Pull Back on Gas Spending

US retail purchase value rose just 0.2% in June, sharply decelerating from a revised 1.0% advance in May

Jul 17, 2026

🇰🇷 South Korea

Bank of Korea Raises Rates to 2.75% as US CPI Miss Sparks 6% Kospi Surge and Sidecar Trigger

Bank of Korea hiked rates to 2.75% unanimously for the first time in 3.5 years as US June CPI fell below forecasts, triggering a 6% Kospi surge led by semiconductor stocks amid rising mortgage rates.

Jul 17, 2026

🇮🇳 India

Indian Government Bonds Rally as Benchmark 2036 Yield Drops to 6.7703% on US Inflation Easing

Indian government bonds rallied after softer US CPI data pulled US Treasury yields lower, with the benchmark 6.94% 2036 bond yield declining to 6.7703% from a three-week high of 6.7945%, even as rising oil prices were flagged as a potential offset to the disinflationary narrative.

Jul 16, 2026

🇮🇳 India

Kospi Surges 6.3%, Bitcoin Reclaims $64,700 as Soft US CPI Erases Fed Rate Hike Fear

South Korea's Kospi surged 6.3% and Bitcoin reclaimed $64,700 as softer-than-expected US CPI data weakened the dollar and erased near-term Federal Reserve rate-hike fears, triggering a broad Asian equity and crypto relief rally.

Jul 16, 2026

🇮🇳 India

Ed Yardeni Rules Out July Fed Rate Hike as Softer June CPI Gives Powell Cover to Hold

Veteran economist Ed Yardeni ruled out a July Federal Reserve rate hike after June CPI came in softer than expected, giving Fed Chair Powell both data and political cover to hold — a development that boosts emerging market assets including Indian equities and the rupee.

Jul 16, 2026

🇸🇬 Singapore

S&P 500 and Nasdaq Close Higher as Cool Inflation Data and Strong Bank Earnings Buoy Markets

All three major US indices closed higher after benign consumer inflation data and solid bank sector earnings reinforced the soft-landing narrative

Jul 15, 2026

🇺🇸 United States

US June CPI Falls More Than Expected to 3.5% — Traders Cut Federal Reserve Rate Hike Bets

US inflation fell more than expected to 3.5% in June as petrol prices tumbled, prompting traders to cut Federal Reserve rate hike bets on the softer-than-expected print.

Jul 15, 2026

🇺🇸 United States

US Inflation Cools to 3.5% in June as US-Iran Ceasefire Briefly Eased Oil Prices

US inflation cooled to 3.5% in June as the brief US-Iran ceasefire reduced oil prices, though recent Middle East strikes have since pushed gas prices 70 cents/gallon above last year.

Jul 15, 2026

🇮🇳 India

Citi and Others Dial Back India Rate Hike Calls as June Inflation Breaches 4% Target Moderately

India's retail inflation rose to 4.38% in June, breaching the RBI's 4% target for the first time in 17 months

Jul 15, 2026

🇺🇸 United States

S&P 500 Climbs on Surprise CPI Disinflation as IBM Plunges 23% on Preliminary Earnings Shock

The Dow Jones and S&P 500 turned higher after a surprise June CPI report showing disinflationary momentum

Jul 15, 2026

🌐 Global

June CPI Falls 0.4% Month-on-Month, Potentially Cooling Federal Reserve's July Rate Hike Push

US June CPI fell 0.4% month-on-month, a disinflationary reading that could dampen Fed rate hike momentum

Jul 15, 2026

🇮🇳 India

JPMorgan Posts Record Quarterly Profit as US Futures Trade Mixed Ahead of June CPI and IBM Shock

JPMorgan Chase reported a record quarterly profit, reinforcing the resilience of US large-cap bank earnings

Jul 15, 2026

🇦🇺 Australia

ASX Set to Rise as Soft US Inflation Data Lifts Wall Street; IBM Plunges

Wall Street rose after US inflation came in better than expected, with the Australian ASX set to follow; IBM plunged in a major session decline.

Jul 14, 2026

🇬🇧 United Kingdom

Soft US June CPI Data Drives FTSE Recovery Despite Surging Oil Prices

US consumer prices fell more than expected in June, helping London's FTSE blue-chip index recover from an oil price surge.

Jul 14, 2026

🇦🇪 UAE / MENA

Gold Rebounds to $4,022 as Hormuz Tensions Drive Safe-Haven Demand Despite 76% Rate Hike Odds

Gold rebounded 0.58% to $4,021.97 from a two-week low as US-Iran tensions drove safe-haven demand, even as Fed rate hike odds climbed to 76% on rising energy-driven inflation fears.

Jul 14, 2026

🇨🇦 Canada

Standard Chartered Sees Slower Nigeria Rate Cuts as Inflation Expectations Rise

Standard Chartered says Nigeria's Central Bank easing cycle will be slower and more cautious than previously expected.

Jul 13, 2026

🇺🇸 United States

PCE Inflation at 4.1% Reignites Fed Rate Hike Speculation Across US Markets

US PCE index rose to 4.1%, reviving speculation that the Federal Reserve may resume interest rate hikes and pressuring rate-sensitive sectors.

Jun 27, 2026