CPI (USD) preview: Inflation data in focus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The market consensus for the upcoming CPI (USD) release on September 11, 2026, at 12:30 UTC, stands at 331.699. This compares to the previous reading of 332.813. This high-impact release provides key insights into inflation trends, a critical factor for monetary policy discussions and market sentiment.
Historically, this release has generated significant market movement. For EURUSD, the median 1-hour move after past releases has been 21 pips, with top-quarter releases seeing moves of 40+ pips across 121 releases since 2015. GBPUSD has seen a median move of 22 pips and top-quarter moves of 42+ pips over 121 releases. USDJPY typically moves 22 pips at its median, with top-quarter moves exceeding 40 pips over 117 releases. XAUUSD has a median 1-hour move of 52 pips, with top-quarter releases moving 108+ pips over 118 releases. Other pairs such as AUDUSD, NZDUSD, USDCAD, and USDCHF have also shown median 1-hour moves ranging from 15 pips to 16 pips. Direction-reliability statistics are not yet available for this event.
Recent CPI prints show varying market reactions. The August 2026 release, with an actual of 332.813 against a forecast of 332.398, saw EURUSD move +7.2 pips in one hour. In July 2026, an actual of 332.568 (forecast 332.371) led to a +37 pips EURUSD move. The June 2026 actual of 333.979 (forecast 333.233) resulted in an +11 pips EURUSD move.