United States CPI

Neueste Zahlen

Die letzte Veröffentlichung, für SEP, erschien am 2026-10-14 und lag bei 336.94. Das liegt über dem Konsens von 336.65. Das ist mehr als 334.98 beim letzten Mal.

A higher figure than expected makes the Federal Reserve more likely to keep rates high or raise them: it tends to support the US dollar and push bond yields up, and is often a weight on stocks.

In den letzten 12 Veröffentlichungen lag der Wert zwischen 324.05 und 336.94, im Schnitt 330.26. Der Wert ist drei Veröffentlichungen in Folge gestiegen.

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Warum es wichtig ist

Inflation is what the Federal Reserve is charged with controlling, so this is one of the most market-moving releases of the month. A figure above expectations makes rate hikes (or a longer wait for cuts) more likely, which usually lifts the US dollar and bond yields; a soft figure does the reverse. It also drives wages, pensions and benefits that are linked to prices.

So wird gerechnet

the Bureau of Labor Statistics (prices and jobs), the Bureau of Economic Analysis (GDP, income and spending) and the Census Bureau (retail sales, housing, trade) collects many thousands of prices every month (food, rent, energy, transport, clothing, services) and weights them by how much households spend on each, from household surveys. The index compares the cost of the basket with a base year; the inflation rate is the change from the same month a year earlier.

CPI = Σ (price now ÷ base price) × weight × 100
Inflation (yoy) = CPI ÷ CPI 12 months ago − 1

Was Veränderungen bedeuten

• Above the central bank's target (usually 2%) and rising: pressure for higher rates.
• Look at the core rate and services prices to see if the move is broad or driven by energy and food.
• Base effects: a big jump a year ago drops out of the yearly rate and can make it fall even if prices keep rising.
• Markets react to the difference from the consensus, often to a single decimal.

Eine kurze Geschichte

The United States began publishing a national consumer price index in 1919, the United Kingdom's index goes back to 1914. Inflation targeting, started by New Zealand in 1990, made this release the centre of monetary policy almost everywhere.

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