Consumer Price Index
CPILatest Value
Date: 2026-05-01
Data Count
953recordsData from FRED source
Basic Info
Country: US
Frequency: Monthly
Source: FRED
Next Release
07/15 12:30 JSTPeriod: Jun
Trend Chart (Line)
Historical Trend Data
| Date | Value (Index) | MoM (Change) | YoY (Change) | 3-Month MA |
|---|---|---|---|---|
| 2026-05-01 | 333.98 | +0.47% | +4.17% | 332.23 |
| 2026-04-01 | 332.41 | +0.64% | +3.78% | 330.05 |
| 2026-03-01 | 330.29 | +0.87% | +3.29% | 328.11 |
| 2026-02-01 | 327.46 | +0.27% | +2.43% | 326.69 |
| 2026-01-01 | 326.59 | +0.17% | +2.39% | 325.89 |
| 2025-12-01 | 326.03 | +0.30% | +2.65% | 325.57 |
| 2025-11-01 | 325.06 | -0.17% | +2.70% | 324.97 |
| 2025-10-01 | 325.6 | +0.42% | +3.16% | 324.38 |
| 2025-09-01 | 324.25 | +0.30% | +3.02% | 323.24 |
| 2025-08-01 | 323.29 | +0.35% | +2.94% | 322.3 |
| 2025-07-01 | 322.17 | +0.23% | +2.74% | 321.41 |
| 2025-06-01 | 321.44 | +0.25% | +2.68% | 320.79 |
| 2025-05-01 | 320.62 | +0.10% | +2.38% | 320.24 |
| 2025-04-01 | 320.3 | +0.16% | +2.33% | 319.92 |
| 2025-03-01 | 319.79 | +0.03% | +2.38% | 319.47 |
| 2025-02-01 | 319.68 | +0.23% | +2.80% | 318.75 |
| 2025-01-01 | 318.96 | +0.43% | +2.99% | 317.7 |
| 2024-12-01 | 317.6 | +0.34% | +2.87% | 316.59 |
| 2024-11-01 | 316.53 | +0.28% | +2.72% | 315.63 |
| 2024-10-01 | 315.63 | +0.29% | +2.58% | 314.81 |
| 2024-09-01 | 314.73 | +0.21% | +2.43% | 314.12 |
| 2024-08-01 | 314.06 | +0.16% | +2.61% | 313.56 |
| 2024-07-01 | 313.57 | +0.17% | +2.94% | 313.26 |
| 2024-06-01 | 313.04 | -0.04% | +2.97% | 313.08 |
| 2024-05-01 | 313.18 | +0.05% | +3.24% | 312.85 |
| 2024-04-01 | 313.02 | +0.22% | +3.36% | 312.11 |
| 2024-03-01 | 312.35 | +0.44% | +3.49% | 311 |
| 2024-02-01 | 310.97 | +0.41% | +3.16% | 309.8 |
| 2024-01-01 | 309.7 | +0.31% | +3.09% | 308.86 |
| 2023-12-01 | 308.74 | +0.19% | +3.32% | 308.2 |
| 2023-11-01 | 308.15 | +0.15% | +3.13% | 307.71 |
| 2023-10-01 | 307.7 | +0.14% | +3.25% | 307.02 |
| 2023-09-01 | 307.28 | +0.39% | +3.69% | 305.99 |
| 2023-08-01 | 306.08 | +0.48% | +3.72% | 304.9 |
| 2023-07-01 | 304.61 | +0.20% | +3.29% | 303.99 |
| 2023-06-01 | 304.01 | +0.22% | +3.07% | 303.4 |
| 2023-05-01 | 303.33 | +0.16% | +4.13% | 302.67 |
| 2023-04-01 | 302.85 | +0.34% | +4.95% | 302.04 |
| 2023-03-01 | 301.82 | +0.12% | +4.92% | 301.23 |
| 2023-02-01 | 301.45 | +0.34% | +5.96% | 300.23 |
| 2023-01-01 | 300.42 | +0.53% | +6.33% | 299.35 |
| 2022-12-01 | 298.83 | +0.02% | +6.40% | 298.54 |
| 2022-11-01 | 298.79 | +0.26% | +7.12% | 297.71 |
| 2022-10-01 | 298.01 | +0.56% | +7.76% | 296.48 |
| 2022-09-01 | 296.35 | +0.42% | +8.19% | 295.45 |
| 2022-08-01 | 295.1 | +0.06% | +8.22% | 294.99 |
| 2022-07-01 | 294.91 | -0.01% | +8.46% | 293.72 |
| 2022-06-01 | 294.96 | +1.26% | +8.98% | 291.61 |
| 2022-05-01 | 291.3 | +0.95% | +8.54% | 289.18 |
| 2022-04-01 | 288.56 | +0.31% | +8.23% | 286.91 |
| 2022-03-01 | 287.67 | +1.12% | +8.57% | 284.91 |
| 2022-02-01 | 284.5 | +0.69% | +7.94% | 282.63 |
| 2022-01-01 | 282.54 | +0.60% | +7.56% | 280.77 |
| 2021-12-01 | 280.85 | +0.69% | +7.17% | 278.77 |
| 2021-11-01 | 278.92 | +0.86% | +6.90% | 276.46 |
| 2021-10-01 | 276.55 | +0.96% | +6.24% | 274.38 |
| 2021-09-01 | 273.91 | +0.45% | +5.35% | 272.83 |
| 2021-08-01 | 272.68 | +0.28% | +5.15% | 271.74 |
| 2021-07-01 | 271.9 | +0.46% | +5.25% | 270.31 |
| 2021-06-01 | 270.65 | +0.85% | +5.30% | 268.55 |
About Indicator
Explanation
What is the Consumer Price Index (CPI)?
The Consumer Price Index measures the monthly change in prices paid by US consumers for a basket of goods and services. It serves as the primary indicator for tracking inflation.
Viewpoints on this Indicator
Focus on 'Core CPI', which excludes volatile food and energy components. If CPI exceeds market expectations, it tends to drive interest rates and the dollar higher, creating a headwind for stock prices.
Importance
HighView Details
Deep Dive
CPI provides a real-time snapshot of inflation, directly swaying Fed monetary policy. Rapid price increases erode dollar purchasing power, forcing the Fed to raise interest rates to cool down the economy.
Hiked rates increase US Treasury yields and draw foreign capital, strengthening the dollar. Conversely, higher rates raise borrowing costs for businesses and homebuyers, which can negatively affect stock values. When CPI trends downward, rate-cut expectations support stock markets.
Analyzing underlying components is crucial. For example, even if falling oil prices lower headline CPI, sticky service-sector inflation (like rent) indicates underlying inflation pressures remain active.
Key Checkpoints in Data
Key Checkpoints
- Whether Core CPI and Headline CPI accelerated or slowed YoY and MoM.
- If there was an unexpected gap compared to market forecasts.
- Whether shelter costs (nearly 30% of CPI) show signs of peaking.
- If short-term momentum (like 3-month annualized change) is re-accelerating.
- If the trend is consistent with producer-level costs.
Connection with Associated Indicators
Why Look at Associated Indicators Together
| Associated Indicator | Why to Look Together |
|---|---|
| Average Hourly Earnings | To check if wage gains outpace consumer price increases, maintaining consumer purchasing power. |
| PCE Price Index | To cross-reference with the Fed's preferred inflation target index. |
| Retail Sales | To check if demand remains strong enough for consumers to continue spending despite higher prices. |
One-Line Summary for Beginners
CPI tracks cost-of-living inflation in the US. Increases raise interest rates and pressure stocks, while declines support rate cuts and boost equity markets.
Last Fetched: 6/10/2026, 6:47:35 PM
Flow of Analysis: US Consumer Price Index (CPI)
🔍1. Before (Leading)
Check these leading indicators a few days before to gauge expectations.
📊2. During (Core Values)
Check the headline and core figures at the moment of release.
⚡3. After (Market Reactions)
Track reactions in yields, currencies, and major stock indexes.