CPI or Consumer Price Index, or Consumer Inflation is a US fundamental indicator closely watched by the FOMC when deciding whether to raise interest rates or not. Due to this, Forex traders also watch this gauge carefully. A CPI value above the forecast is usually perceived as a strengthening sign for the US dollar. When the value comes out below the median forecasts, traders tend to sell the USD. CPI is a monthly indicator with releases closer to the middle of the month. You can find previous CPI releases for several years. The primary source for CPI reports is the US Bureau of Labor Statistics.
It is important to note that CPI comes out in two version: plain and core. The latter excludes food and energy costs to smooth out the volatile elements of the price changes. Monetary authorities prefer the core version over the plain CPI.
2019
- EUR/USD Volatile After ECB, Decides to Go Higher
- EUR/USD Declines as USA Postpones Tariffs on Chinese Goods
- EUR/USD Fails to Maintain Rally, Pushed Down by US CPI
- EUR/USD Sinks Despite Slowing US Consumer Inflation
- EUR/USD Rallies After US Inflation Miss
- EUR/USD Settles Slightly Higher Despite ECB & FOMC
- EUR/USD Rallies After Core US CPI Misses Mark
- EUR/USD Slides After Eurozone Industrial Production Contracts
- EUR/USD Drops After US CPI Matches Market Expectations
2018
- EUR/USD Climbs as US Inflation Stagnates
- EUR/USD Demonstrates Volatile Reaction to US CPI
- EUR/USD Rises After CPI Miss
- EUR/USD Jumps After US Inflation Misses Expectations
- US Sanctions on Turkey Drive EUR/USD Down
- EUR/USD Recovers on Mixed US Data
- EUR/USD Higher Ahead of FOMC Meeting
- EUR/USD Halts Decline After US CPI Misses Expectations
- EUR/USD Stays Above Opening After Hawkish FOMC Minutes
- EUR/USD Jumps After CPI Report
- EUR/USD Drops After US CPI, Reverses Loss Later
- EUR/USD Rally Stopped by Good CPI Report
2017
- EUR/USD Jumps After FOMC, Core CPI Miss
- EUR/USD Remains Little Changed Despite Slew of Economic Reports
- EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction
- EUR/USD Shrugs Off Pressure from Positive US CPI
- EUR/USD Recovers Despite Good US Data
- EUR/USD Reverses Losses After Soft Economic Data from USA
- EUR/USD Halts Rally After FOMC Interest Rate Hike
- EUR/USD Surges Following Poor CPI and Retail Sales Data
- EUR/USD Trades Tad Higher After Weak US CPI & Retail Sales
- EUR/USD Soars After Fed Hikes Interest Rate
- EUR/USD Bounces as US Data Turns from Positive to Negative
- EUR/USD Backs Off After Strong Move Up
2016
- EUR/USD Reaches Record Low in Almost 14 Years
- EUR/USD Fails to Rally Again
- EUR/USD Fails to Keep Gains, Falls Below Opening Level
- EUR/USD Ends Trading Sharply Lower
- EUR/USD at New Post-Brexit High
- US Retail Sales and Industrial Production Help USD vs. EUR
- EUR/USD Loses Wednesday’s Gains
- Positive US Data Fails to Boost US Dollar
- EUR/USD Bounces After US CPI Disappoints
- EUR/USD Soars After Fed Lowers Interest Rates Projections
- Dollar Gains on Euro amid Brexit Fears
- EUR/USD Misses Opportunity to Rally
2015
- EUR/USD Down as Market Prepares for Fed Announcement
- EUR/USD Jittery After FOMC Minutes
- EUR/USD Halts October’s Rally
- EUR/USD Gets Help from US Data
- EUR/USD Shoots to Upside After FOMC Minutes
- EUR/USD Heads to Biggest Weekly Loss Since May
- EUR/USD Extends Post-FOMC Gains
- EUR/USD Hits Monthly Low
- EUR/USD Struggles to Keep Going Upward
- EUR/USD Ends Rally After Positive US Data
- Traders Focus on Durable Goods Orders, EUR/USD Lower
- EUR/USD Pushed Down by Poor US Fundamentals
2014
- EUR/USD Jumps After FOMC, Resumes Decline Later
- EUR/USD Doesn’t Move Far Today
- US CPI Makes EUR/USD Extend Decline
- EUR/USD Sinks to New Lows After FOMC
- US Housing Market Helps Dollar Maintain Gains
- Positive Data from USA Pushes EUR/USD To New Lows
- German Economic Sentiment & US CPI Drive EUR/USD Lower
- EUR/USD Sinks on Disappointing GDP Figures, Recovers
- EUR/USD Halts Decline, Looks for Direction
- EUR/USD Slips Ahead of FOMC Meeting
- EUR/USD Maintains Downward Bias
- EUR/USD Drops as Data Suggests Further Tapering
2013
- EUR/USD Rises as Inflation Stalls
- EUR/USD Sinks While Fed Considers End to Stimulus
- EUR/USD Slumps After FOMC Meeting
- EUR/USD Gains on Improving Confidence, Halts Rally
- EUR/USD Falls with US Jobless Claims
- EUR/USD Jumps as CPI Beats Forecasts
- EUR/USD Rises on Economic Sentiment, Gives Away Gains
- EUR/USD Rallies Even as Eurozone CPI Slows
- What Will Become of EUR/CHF After ECB Rate Cut?
- EUR/USD Erases Drop as Fear Wanes
- EUR/USD Rises as Traders Anticipate Stimulus to Persist
- US Data Does Not Support EUR/USD
- EUR/USD Drops on Juncker’s Comments
2012
- EUR/USD Attempts to Rally, Looks for Direction
- EUR/USD Still Ignores Fundamentals
- EUR/USD at Monthly High Amid Traders’ Optimism
- EUR/USD at 4-Month High
- EUR/USD Stable After Sharp Drop
- Euro/Dollar Falls on ZEW Report, Almost Unchanged by US News
- EUR/USD Falls on Spain’s Credit, Recovers on US CPI
- EUR/USD Gains on Germany’s GDP, Falls on Greece’s Elections
- EUR/USD Falls on Rising Spanish Borrowing Costs
- EUR/USD Rises as US Data Worse Than Expected
- EUR/USD Rises Ahead of Decision About Greek Bailout
- EUR/USD Higher on European Debt Auctions
2011
- EUR/USD Higher on German Business Confidence & Spanish Bill Auction
- EUR/USD Declines Further, Loses Downward Momentum
- EUR/USD Goes Higher with Optimism, Reverses Positive Trend
- EUR/USD Rises as ECB Boosts Liquidity
- EUR/USD Slumps, US Macroeconomic Data Mixed
- Weakening US Economy Can’t Help EUR/USD Stop Decline
- EUR/USD Tumbles as Europe’s Crisis Worsens
- US Consumer Sentiment Improves, EUR/USD Erases Gains
- EUR/USD Falls as Moody’s Downgrades Ireland’s Credit Rating
- EUR/USD Declines, Yet Remains Stronger Than Yesterday
- EUR/USD Rises on Jobless Claims & Leading Indicators
- US Inflation Data Helps Euro, Not Dollar
2010
- EUR/USD Declines as Spain’s Credit Rating May Be Downgraded
- EUR/USD Rises as US Economy Performs Worse Than Expected
- EUR/USD Tumbles Despite More Signals About Easing
- EUR/USD Fluctuates on Mixed Economic Reports from US
- EUR/USD Resumes Decline After Surge on GDP
- EUR/USD Trades Near Opening Level After Reaching 2-Month High
- Dollar Weakens vs. Euro on Unfavorable Macroeconomic Reports
- Struggling U.S. Economic Recovery Pushes Up EUR/USD
- Euro Fails to Appreciate Against Dollar
- EUR/USD Continues to Fall Despite Lower CPI
- EUR/USD Down on China Lendings, Greek Deficit
2009
- EUR/USD Up on Fed Dovish Tone
- EUR/USD Up on Weak U.S. Construction Data
- Economic Conditions Improve — EUR/USD Falls
- EUR/USD Gains for 4th Day on Continuing Optimism
- Dollar Down Against Euro on Zero CPI
- EUR/USD Goes Up as Stocks Rally
- Positive Revision of CPI Spurs EUR/USD Growth
- EUR/USD Trades in Red After European GDP, Mixed U.S. Fundamentals
- EUR/USD Falls for 2nd Day as News Extend Recession Expectations
- EUR/USD Shoots Up as Fed Will Have to Print Money
- EUR/USD Up on Negative CPI, Industrial Production Drop
2008
- EUR/USD Soars as Fed Cuts Rate
- Consumer Prices and Housing Fall in U.S., Dollar Goes Up
- EUR/USD Slightly Down after a Series of U.S. Macroeconomic Releases
- Dollar Stands Firmly After Record Low TIC Inflow
- Dollar Grows on Mixed Data as Euro Goes Down
- Dollar Stronger after TIC and CPI Data
- April CPI Disappoints Dollar Bulls
- Bearish U.S. Fundamentals Help Euro Bulls
- Not a Single Day Without Dollar’s Antirecord
- CPI Advances Moderately, Moves Dollar Up
- Euro Down Fastest Since December
2007
- EUR/USD Falls on Before and After CPI
- CPI at 0.3%, Jobless Claims at 330k, Oil Inventories Grow
- EUR/USD Fluctuations Continue
- Dollars Benefits from Excessive Euro Liquidity
- Mixed Data from U.S. Again
- Euro Rallies as the Fundamentals are Not in Dollar’s Favor
- CPI from US to Support Dollar?
- Pound Breaks $2 Level