CPI y/y

Source
MeasuresChange in the price of goods and services purchased by consumers;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, usually about 10 days after the month ends;
Next Release
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates;
Derived ViaThe average price of various goods and services are sampled and then compared to the sampling done a year earlier;
Acro ExpandConsumer Price Index (CPI);