US CPI 2026: Next Release Date, History & Market Reaction

US Consumer Price Index (CPI)

United States · USD · next release, past figures and how EUR/USD, USD/JPY, Gold (XAU/USD), Nasdaq 100 (US100) moved after each one. Times in UTC.

Next release Tue 10 Nov 2026, 13:30 UTC Estimate – · previous 3.7%

Latest release 3.7% vs 3.6% expected 14 Oct 2026 · above the estimate

Typical EUR/USD move, 1 hour 13.9 pips median of the last 11 releases

What Is US CPI?

The Consumer Price Index measures the change in prices US consumers pay for a basket of goods and services. The Bureau of Labor Statistics publishes it monthly, usually around the middle of the month at 8:30 a.m. New York time. The headline annual rate and core CPI, which leaves out food and energy, come out together.

Inflation is the Federal Reserve's main target, so a CPI figure above or below the estimate changes what markets expect from US interest rates. That moves the dollar, gold and stock indices, often within seconds of the release.

How the Market Moved After the Last Releases

Instrument	Typical 1h move	Typical 4h move	Largest 1h move	After a figure above estimate	After a figure below estimate
EUR/USD	13.9 pips	15.3 pips	77.1 pips 14 Oct 2026	Higher 0, lower 2 of 2	Higher 2, lower 1 of 3
USD/JPY	11.1 pips	17.8 pips	60 pips 11 Sep 2026	Higher 2, lower 0 of 2	Higher 0, lower 3 of 3
Gold (XAU/USD)	$27.99	$25.80	$68.25 11 Sep 2026	Higher 0, lower 2 of 2	Higher 3, lower 0 of 3
Nasdaq 100 (US100)	144.9 points	113.2 points	344.4 points 10 Jun 2026	Higher 0, lower 2 of 2	Higher 2, lower 1 of 3
Last 11 measurable releases. "Higher" and "lower" count how the price stood one hour after the release. Rate decisions are usually in line with the estimate, so the statement and press conference drive the move.

Release History

Date (UTC)	Actual	Estimate	Surprise	EUR/USD 1h	USD/JPY 1h	Gold 1h	Nasdaq 100 1h
Wed 14 Oct 2026, 12:30 UTC	3.7%	3.6%	+0.1%	−77.1 pips	+49.8 pips	−$51.11	−289.7 points
Fri 11 Sep 2026, 12:30 UTC	3.4%	3.4%	0%	+20.8 pips	−60 pips	+$68.25	+146.8 points
Wed 12 Aug 2026, 12:30 UTC	3.4%	3.4%	0%	+8.6 pips	−7.6 pips	+$14.89	+61.7 points
Tue 14 Jul 2026, 12:30 UTC	3.5%	3.8%	−0.3%	+45 pips	−27.4 pips	+$45.45	+144.9 points
Wed 10 Jun 2026, 12:30 UTC	4.2%	4.2%	0%	+25.8 pips	−11.1 pips	+$31.84	+344.4 points
Tue 12 May 2026, 12:30 UTC	3.8%	3.7%	+0.1%	−13.9 pips	+7.6 pips	−$27.99	−38.5 points
Fri 10 Apr 2026, 12:30 UTC	3.3%	3.3%	0%	+13.9 pips	+0.1 pips	+$6.97	+50.8 points
Wed 11 Mar 2026, 12:30 UTC	2.4%	2.4%	0%	−3 pips	−2.1 pips	−$4.34	+152.8 points
Fri 13 Feb 2026, 13:30 UTC	2.4%	2.5%	−0.1%	−2.8 pips	−20.3 pips	+$26.08	−1.8 points
Tue 13 Jan 2026, 13:30 UTC	2.7%	2.7%	0%	+8.8 pips	+1.6 pips	+$36.65	+53 points
Thu 18 Dec 2025, 13:30 UTC	2.7%	3.1%	−0.4%	+20.7 pips	−33.2 pips	+$8.46	+182.6 points
Fri 24 Oct 2025, 12:30 UTC	3%	3.1%	−0.1%	–	–	–	–

US CPI FAQ

When is the next US CPI release?

The next US CPI release is scheduled for Tue 10 Nov 2026, 13:30 UTC. Dates come from the economic calendar and can change.

How much does EUR/USD move after US CPI?

Over the last 11 releases, the typical move in EUR/USD one hour after US CPI was 13.9 pips, and 15.3 pips after four hours (median sizes, either direction). The largest one-hour move was 77.1 pips on 14 Oct 2026. Past moves are not a forecast of the next release.

How much does USD/JPY move after US CPI?

Over the last 11 releases, the typical move in USD/JPY one hour after US CPI was 11.1 pips, and 17.8 pips after four hours (median sizes, either direction). The largest one-hour move was 60 pips on 11 Sep 2026. Past moves are not a forecast of the next release.

What does a figure above or below the estimate mean?

The estimate is the consensus of economists' forecasts before the release. Markets price in that number, so prices react mainly to the surprise: the gap between the actual figure and the estimate, and to revisions of earlier months, rather than to whether the figure is high or low.