Tuesday , July 13, 2021, 14:30
CPI-Consumer Price Index US
CPI represents change in the price of goods and services purchased by consumers. The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.
Consumer prices account for a majority of overall inflation. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Consumer prices in June are expected to provide the first proof that the recent sharp annual price gains are a temporary phenomenon.
Expected: CPI expected at 0.5% in June, from 0.6%, annual at 4.9% from 5%.