CPI m/m

MeasuresChange in the price of goods and services purchased by consumers;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, about 3 days after the month ends;
Next Release
FF NotesThis is the earliest major inflation data released by any country, coming just days after the month ends;
Why Traders
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of various goods and services are sampled and then compared to the previous sampling;
Acro ExpandConsumer Price Index (CPI);