Consumer Price Index (CPI) — FX Impact, Latest News & FAQ
The Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services. CPI is the single most-watched inflation gauge worldwide and the primary input to central-bank rate decisions. US CPI from th…
About Consumer Price Index
The Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services. CPI is the single most-watched inflation gauge worldwide and the primary input to central-bank rate decisions. US CPI from the Bureau of Labor Statistics, released at 12:30 UTC around the middle of each month, is the largest scheduled FX event after FOMC and NFP — a 0.1pp surprise in core CPI routinely produces 50-100 pip moves on EUR/USD and 80-150 pip moves on USD/JPY. Eurozone HICP and UK CPI follow similar patterns for their respective currencies. NewFXT covers every major CPI release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
CPI FAQ
What is CPI?
The Consumer Price Index is a monthly measure of price changes for a representative basket of consumer goods and services. It is the most-followed gauge of inflation worldwide.
When is US CPI released?
The Bureau of Labor Statistics releases US CPI at 12:30 UTC, typically around the 10th to 15th of each month, covering the previous month's prices.
Why is core CPI more important than headline?
Headline CPI includes volatile food and energy prices that can swing on supply shocks. Core CPI strips those out and gives a cleaner read of underlying inflation, which is what central banks ultimately respond to.
How does CPI move FX?
A higher-than-expected CPI raises the probability of further rate hikes, which strengthens the local currency. Lower-than-expected CPI does the opposite. The reaction is usually fastest on USD pairs around US CPI.