When is the Next CPI Report?

“When is the next CPI report?” was a question no one was asking back in the days of 2% inflation readings.

Alas, those days are long gone. Inflation hit a four-decade high in 2022, prompting the Federal Reserve to embark on its most aggressive campaign of interest rate hikes since the late Carter and early Reagan administrations.

Though inflation peaked almost a year ago, the fact remains that it’s still far too high for the central bank’s comfort. That’s why the Consumer Price Index or CPI report has become pretty much the star of the economic data calendar.

Markets desperately want the Fed to stop raising interest rates – and especially look forward to a time when the central bank pivots to rate cuts – but that won’t happen until after inflation is under control. There’s also the very real fear that rising rates could cause the economy to fall into a recession.

This explains the market’s obsession with the next CPI report. And the one after that, and the one after that.

For the record, the CPI report is released monthly by the Bureau of Labor Statistics,(opens in new tab) based on price data collected over the course of the month.

Per the BLS, prices for the goods and services used to calculate the CPI are collected in 75 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 50,000 landlords or tenants. The weight for an item is derived from reported expenditures on that item as estimated by the Consumer Expenditure Survey.

Leave a Reply

Your email address will not be published. Required fields are marked *

Proudly powered by WordPress | Theme: Lean Blog by Crimson Themes.