CPI Report Release Date

Upcoming News Article to Assess Inflation Data

Key Details:

The Bureau of Labor Statistics (BLS) is scheduled to release the highly anticipated Consumer Price Index (CPI) report for June on Wednesday, July 11, 2024, at 8:30 AM EDT. This report is expected to provide vital insights into the current state of inflation and its impact on the economy.

According to forecasts, the CPI is projected to have increased by 2.9% year-over-year in January, marking the lowest rate in nearly three years. The CPI measures the average change in prices for a basket of goods and services purchased by consumers. A decline in the CPI would indicate a slowdown in inflation, providing relief to both consumers and policymakers.

The CPI report is closely monitored by the Federal Reserve, which uses it to gauge inflation and make decisions on interest rate adjustments. A higher-than-expected CPI reading could prompt the Fed to raise interest rates more aggressively to curb inflation, while a lower reading could lead to a more dovish approach.

The upcoming CPI report is expected to be a significant event, with investors, economists, and policymakers eagerly awaiting its release. Stay tuned for further updates and analysis as the report's release date approaches.