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Consumer Price Index (CPI) for September 2022

The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for September on Thursday, October 13 at 8:30 pm Ph time.

On a monthly basis, the CPI is expected to rise by 0.2%. The Core CPI, which excludes volatile food and energy prices, is expected to have risen by 0.5% last month, which is below August’s 0.6% read. Headline is expected at 8.1% year-on-year vs. 8.3% in August, while core is expected at 6.5% YoY vs. 6.3% in August.

What is the Consumer Price Index (CPI) FPG Fortune Prime Global RichDadph

The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels.

Inflation tracked through CPI looks specifically at purchasing power and the rise of prices of goods and services in an economy, which can be used to influence a nation’s monetary policy.

CPI is calculated by averaging price changes for each item in a predetermined basket of consumer goods, including food, energy, and also services such as medical care.

It is a useful indicator for forex traders due to its aforementioned effect on monetary policy and, in turn, interest rates, which have a direct impact on currency strength. The full utility of knowing how to interpret CPI as a forex trader will be explored below.

What is the Consumer Price Index (CPI) FPG Fortune Prime Global RichDadph

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