CPI: Consumer Price Index

Importance: Moderate
Volatility: Moderate
Source: Bureau of Labor statistics, U.S. Department of Labor
Release Time: 8:30 ET, about the 13th of each month.
Coverage: Prior Month.
Web: stats.bls.gov/news.release/cpi.toc.htm

CPI is seen by many as the most important measure of inflation. The Consumer Price Index measures the price level of a fixed basket of goods and services purchased at a consumer level.

Market Reaction:

Event Fixed Income Equities Dollar
CPI Up Bond Market Down Stock Market Down Uncertain
CPI Down Bond Market Up Stock Market Up Uncertain