US CPI report: next release date and latest data
The Consumer Price Index from the U.S. Bureau of Labor Statistics: headline and core inflation for the latest month, the past year by month, and when the next reports come out (8:30 AM ET).
Updated
Latest: Sep 2026
- CPI, 12-month change
- 3.7%
- Core CPI, 12-month change
- 2.6%
- CPI, monthly change (SA)
- +0.6%
- Core CPI, monthly change (SA)
- +0.3%
Next CPI releases
- Tuesday 8:30 AM ET
- Thursday 8:30 AM ET
| Month | CPI, 12 months | CPI, month (SA) | Core, 12 months | Core, month (SA) |
|---|---|---|---|---|
| Sep 2026 | 3.7% | +0.6% | 2.6% | +0.3% |
| Aug 2026 | 3.4% | +0.4% | 2.4% | +0.3% |
| Jul 2026 | 3.4% | +0.1% | 2.5% | +0.2% |
| Jun 2026 | 3.5% | −0.4% | 2.6% | 0.0% |
| May 2026 | 4.2% | +0.5% | 2.9% | +0.2% |
| Apr 2026 | 3.8% | +0.6% | 2.8% | +0.4% |
| Mar 2026 | 3.3% | +0.9% | 2.6% | +0.2% |
| Feb 2026 | 2.4% | +0.3% | 2.5% | +0.2% |
| Jan 2026 | 2.4% | +0.2% | 2.5% | +0.3% |
| Dec 2025 | 2.7% | +0.3% | 2.6% | +0.2% |
| Nov 2025 | 2.7% | — | 2.6% | — |
| Sep 2025 | 3.0% | +0.3% | 3.0% | +0.2% |
| Aug 2025 | 2.9% | +0.3% | 3.1% | +0.3% |
What the CPI measures and why markets watch it
The Consumer Price Index tracks the prices urban consumers pay for a fixed basket of goods and services. BLS publishes it once a month, usually in the middle of the month, for the month before. Headline CPI covers everything in the basket; core CPI leaves out food and energy, whose prices swing the most, so it shows the underlying trend more clearly.
Two changes get quoted. The monthly change uses seasonally adjusted figures, so a regular pattern such as holiday pricing does not look like inflation. The 12-month change compares the unadjusted index with the same month a year earlier, which is the figure most headlines use.
Markets react to the difference between the reported figure and what economists expected, not to the figure alone. A higher-than-expected reading can lift Treasury yields and change what traders expect from the Federal Reserve, which then moves stocks. The Fed’s 2% inflation target is defined on a different measure, the PCE price index, but CPI comes out earlier and gets more attention.
For swing traders, a CPI morning is event risk: prices can gap at the open. Common habits are to know the date in advance, avoid opening new positions right before the release, and size open positions so a gap stays within the planned risk.
Frequently asked questions
When is the next CPI report released?
The next CPI report is scheduled for Tue, Nov 10, 2026, 8:30 AM ET. BLS releases the CPI at 8:30 AM Eastern Time, usually around the middle of the month; later dates are listed at the top of this page, from the published release calendar.
What is the difference between CPI and core CPI?
Headline CPI includes every item in the basket. Core CPI excludes food and energy, whose prices are the most volatile, so it gives a steadier view of the underlying inflation trend.
Why are monthly and yearly changes calculated differently?
BLS reports monthly changes from seasonally adjusted data to remove regular calendar patterns, and 12-month changes from unadjusted data, because comparing the same month a year apart already cancels out the season.
Is CPI the inflation measure the Fed targets?
No. The Federal Reserve’s 2% goal refers to the PCE price index published by the Bureau of Economic Analysis. CPI is released earlier each month and is followed closely as an early read on inflation.
Do the CPI figures get revised?
The unadjusted CPI is not revised. Seasonally adjusted figures for the past five years are recalculated once a year when BLS updates its seasonal factors, so recent monthly changes can shift slightly.
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