Source | |
Measures | Change in the price of goods and services purchased by consumers; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released 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 Via | The average price of various goods and services are sampled and then compared to the sampling done a year earlier; |
Acro Expand | Consumer Price Index (CPI); |