Forex Fundamentals
US Inflation Rate (CPI)

US Inflation Rate (CPI) 12 July 2023

US Inflation Rate (CPI) 12 July 2023: 3% for June 2023, below the 3.1% forecast and down from 4% in May 2023. It is the lowest of the last 12 releases. It is the fourth release in a row below the forecast. It was released on Wed 12 Jul 2023 at 12:30 UTC (8:30 AM ET).

These figures were verified on 4 Oct 2026 from the source: U.S. Bureau of Labor Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3%
June 2023
Forecast
3.1%
The market consensus
Previous
4%
As the source gives it

What a print like this usually does

Below the forecast: A downside surprise usually weighs on the dollar if it reinforces a sustained cooling trend.

US Inflation Rate (CPI) 12 July 2023: 3% for June 2023 against a 3.1% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

US Inflation Rate (CPI) 12 July 2023: 3% vs 3.1% forecast (U.S. Bureau of Labor Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/us-cpi/2023-07-12

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
12 Jul 2023Jun3%3.1%4%
13 Jun 2023May4%4.1%4.9%
10 May 2023Apr4.9%5%5%
12 Apr 2023Mar5%5.2%6%
14 Mar 2023Feb6%6%6.4%
14 Feb 2023Jan6.4%6.2%6.5%
12 Jan 2023Dec6.5%6.5%7.1%
13 Dec 2022Nov7.1%7.3%7.7%
10 Nov 2022Oct7.7%8%8.2%
13 Oct 2022Sep8.2%8.1%8.3%
13 Sep 2022Aug8.3%8.1%8.5%
10 Aug 2022Jul8.5%8.7%9.1%
The release before:US Inflation Rate (CPI) 13 June 2023The release after:US Inflation Rate (CPI) 10 August 2023US Inflation Rate (CPI): every recent resultThis week’s economic calendar