US CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Federal Reserve watches when setting interest rates.
Actual
2.5%
Forecast
2.7%
Previous
2.9%
US Inflation Rate (CPI) for Aug came in at 2.5% versus 2.7% expected (previous 2.9%), below forecast, which was negative for the USD.
What it meant for the USD
The actual landed below the 2.7% forecast (0.2 below expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was negative for the USD.
New to this release? See what US Inflation Rate (CPI) measures, the next release and its full history.