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.

🇧🇷 Brazil

Brazil World Cup BBQ Costs Up 12% Since 2022 as Beef Prices Soar and Families Shift to Chicken

Brazilian World Cup BBQ costs surged approximately 12% since the 2022 tournament, surpassing general inflation expectations.

Jun 14, 2026

🇺🇸 United States

Trump Says He 'Loves' Inflation as May CPI Hits 4.2%, a Three-Year High That Rattles Wall Street and Reprices Rate-Cut Bets

May CPI surged to 4.2% — a three-year high driven by Iran conflict energy effects — while Trump's 'love' for inflation rattled Wall Street and eliminated remaining 2026 rate-cut expectations.

Jun 14, 2026

🇧🇷 Brazil

Ghana's Inflation Collapses from 23.8% to 3.4%, Sparking Record Rate Cuts and Stock Market Rally

Ghana's inflation collapsed from 23.8% in late 2024 to approximately 3.4% in 2026, a near 30-year low

Jun 14, 2026

🇺🇸 United States

US Inflation Hit 4.2% in May 2026, More Than Twice the Fed Target — Rate Hike Risk Returns

US CPI hit 4.2% annualized in May 2026 — over double the Fed 2% target signaling persistent inflation

Jun 14, 2026

🇮🇳 India

ICICI Bank Forecasts India Inflation at 5% in FY27, Sees 50-75 bps in Rate Hikes Ahead

ICICI Bank Global Markets projects India's inflation to rise to 5% in FY27, significantly above current levels.

Jun 14, 2026

🇮🇳 India

India May CPI at 3.93% Undershots RBI Target; Rate Hike Probability Falls on Benign Trend

India's May CPI print came in at 3.93% year-on-year, below expectations and beneath RBI's 4.2% Q1FY27 forecast.

Jun 14, 2026

🇮🇳 India

India June-Quarter Inflation to Undershoot RBI Forecast, Reducing Rate Hike Probability Before Monsoon

India's Q1 FY2027 inflation is forecast to undershoot the RBI's baseline, reducing near-term rate hike probability.

Jun 13, 2026

🇺🇸 United States

US Producer Prices Surge 6.5% Year-Over-Year in May, Largest Gain Since November 2022

US Producer Price Index (PPI) surged 6.5% year-over-year in May 2026, the largest annual gain since November 2022.

Jun 13, 2026

🌐 Global

Czech Central Bank Governor Says June Rate Hike Is a Real Possibility to Curb Inflation

CNB Governor Ales Michl told Bloomberg a June rate hike is 'a real possibility' as inflation risks persist.

Jun 13, 2026

🇮🇳 India

India Edible Oil Imports Rise 13% YoY to 92 Lakh Tonnes — Soybean Surge Raises Food Inflation Risk

India's edible oil imports hit 92.17 lakh tonnes in Nov-May 2026, up 13% YoY, led by a soybean oil surge from South America. Rising import volumes compress domestic branded oil company margins and raise CPI risk.

Jun 13, 2026

🇧🇷 Brazil

Brazil Inflation Hits 4.72% in May, Breaching Central Bank's 4.5% Ceiling and Clouding Rate Cuts

Brazil's annual inflation rose to 4.72% in May, exceeding the central bank's 4.5% ceiling for the first time since October.

Jun 12, 2026

🇧🇷 Brazil

Global Intelligence Roundup: India GDP 7.7%, US Inflation 4.2%, France Pledges \u20ac75B AI Plan

India confirmed 7.7% GDP growth, cementing its position as the world's fastest-growing major economy.

Jun 11, 2026

🇬🇧 United Kingdom

US Inflation Hits 4.2% in May, Three-Year High, as Middle East Energy Shock Spreads

US inflation jumped to 4.2% in May, marking a new three-year high driven by a Middle East energy shock.

Jun 11, 2026

🇺🇸 United States

US CPI Rises to 4.2% as Energy Price Surge Keeps Inflation Well Above Fed Target

US consumer price inflation climbed to 4.2% on an annual basis, driven primarily by an energy price surge.

Jun 11, 2026

🇺🇸 United States

US Inflation Breaks Above 4% as Iranian Tensions Push Energy Costs Higher

US consumer price inflation has surged above 4%, with geopolitical tensions involving Iran driving elevated energy prices.

Jun 11, 2026

🌐 Global

Hungarian Forint Under Pressure as Softer CPI Opens Door to MNB Rate Cuts

Hungarian CPI fell below MNB's tolerance lower bound — Commerzbank says door is open for rate cuts, pressuring the Forint.

Jun 10, 2026

🇨🇳 China

China May CPI Rises 1.2% Year-on-Year as Non-Food Inflation Accelerates to 1.9%

China's May CPI rose 1.2% year-on-year with non-food prices accelerating to 1.9% while food prices fell 1.7%, keeping overall inflation moderate but shifting in composition.

Jun 10, 2026

🇨🇳 China

China May CPI Holds at 1.2% as PPI Surges 3.9% on Industrial Demand and Commodity Transmission

China's May CPI rose 1.2% year-on-year while PPI accelerated to 3.9% as domestic industrial demand and international commodity price effects drive producer inflation.

Jun 10, 2026

🇬🇧 United Kingdom

US Inflation Hits 4.2% Three-Year High as Iran War Drives Energy Costs Higher

US CPI has surged to a three-year high of 4.2%, with rising energy costs from the US-Iran conflict cited as a key driver, closing the door on near-term Fed rate cuts.

Jun 10, 2026

🇮🇳 India

India Silver Price Falls 1% to Rs 2.43 Lakh as US Bond Yields Rise and Fed Rate Fears Return

Silver prices in India dropped approximately 1% to ₹2.43 lakh per kg as US Treasury yields climbed and Federal Reserve rate hike concerns resurfaced.

Jun 10, 2026

🇨🇦 Canada

China Consumer Inflation Stalls as Factory Prices Surge at Fastest Pace in Four Years

China's consumer inflation unexpectedly stalled in May while factory prices rose at the fastest pace in nearly four years.

Jun 9, 2026

🌐 Global

EUR/USD Climbs to 1.1545 on ECB Hawkish Stance With US CPI Wednesday in Focus

EUR/USD rose to near 1.1545 in early European trading, supported by the ECB's hawkish monetary policy signals.

Jun 9, 2026

🇧🇷 Brazil

Fed Survey: US 1-Year Inflation Expectations Dip to 3.5% in May, Supporting Rate-Cut Case

US one-year consumer inflation expectations fell from 3.6% in April to 3.5% in May, according to the New York Federal Reserve's monthly survey.

Jun 9, 2026

🇬🇧 United Kingdom

UK Supermarket Food Inflation Spikes for First Time in 2026 as Energy and Freight Costs Surge

UK food inflation has risen significantly for the first time this year, according to City AM analysis of supermarket prices

Jun 7, 2026

🇺🇸 United States

Warsh Faces Market-Moving Crossfire as Inflation Surges Toward 6% and Trump Pushes Rate Cuts

Economists forecast US CPI will reach 6% in Q2 2026, a sharp acceleration that complicates Fed rate decisions

Jun 7, 2026

🇨🇦 Canada

CPI Surge Bet Has Direct Implications for Canada: Bank of Canada Rate Path and Housing Under Pressure

Bond traders globally expect the next US CPI reading to show the strongest price pressures in years, signaling a hawkish Fed pivot.

Jun 7, 2026

🌐 Global

Bond Traders Price in Historic CPI Surge, Betting Inflation Data Forces Fed to Tighten Faster

Bond market participants are positioning for the strongest CPI reading in several years, increasing pressure on the Federal Reserve.

Jun 7, 2026

🇦🇺 Australia

Australia's 4.75% Minimum Wage Rise Unlikely to Cause Business-Warned Inflation, Analysis Finds

Economic analysis challenges business lobby warnings about Australia's 4.75% minimum wage increase, arguing the price pass-through will be far weaker than feared and may even help contain inflation.

Jun 5, 2026

🇮🇳 India

Three Key Reasons the RBI May Hold Rates Despite Market Expectations of a Cut

Three factors are making the Reserve Bank of India likely to avoid a rate cut at its upcoming policy meeting, including rupee depreciation, elevated oil prices from the Iran conflict, and persistent core inflation.

Jun 5, 2026

🌐 Global

Czech Inflation Surprise Eases Rate Hike Pressure as Iran Conflict Clouds CNB Outlook

Czech CPI slowed more than expected, weakening the case for an imminent rate hike as the Czech National Bank weighs Iran conflict economic spillovers.

Jun 4, 2026