What Is Consumer Price Index (CPI)?
CPI stands for Consumer Price Index. It is the most watched economic indicator in the markets. CPI is calculated/released by the Bureau of Labor Statistics, which is part of the Department of Labor.
Why Do We (traders) Care?
The Consumer Price Index accounts for the majority of overall inflation. Inflation is important for currency evaluation. There’s also Core CPI which also measures the cost of living but it excludes goods with high volatility such as food and energy. Policymakers use CPI to determine economic policies.
Businesses and consumers use CPI to make informed economic decisions. Read more about CPI here.
Should you wish to learn how CPI affect currencies and stocks and how to trade it, you can WhatsApp +27 78 144 6851 to request a quote for the fundamentals course and mentorship. Below are United States CPI annual dates and they are due to release monthly CPI and Core CPI plus yearly CPI on the 12th of April 2023 at 2:30 pm (S.A time).
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