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Check headline and core against their own consensus estimates. For near-term momentum, focus on seasonally adjusted monthly changes; the annual rate also reflects last year’s prices.
Economic events · Permanent reference
US CPI Release
The number matters. What surprised markets—and whether it changes the rate outlook—matters more.
Next scheduled release
08:30 EDT · 12:30 UTC · Reference month: September 2026
How to read the inflation print
What drove the surprise?
Look at shelter, services and goods. Cheaper energy can cool the headline while underlying inflation stays sticky; a broad slowdown tells a stronger story.
Does the rate outlook change?
Watch the two-year Treasury yield and the dollar. A hot surprise can pressure stocks and gold if yields rise; a cool print can offer relief.
Does the trend hold?
Check several months of core inflation before changing a long-term view. For traders, compare the initial stock or gold move with bonds; disagreement deserves a closer look.
Previous scheduled release
September 11, 2026 · Reference month: August 2026.
Related guides
- Inflation explained
- CPI surprises and probability
- Interest rates explained
- The Federal Reserve
- Real yields
- The yield curve
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