CPI (USD) preview: Inflation data in focus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The highly anticipated US Consumer Price Index (CPI) report is scheduled for release on 2026-08-12 at 12:30 UTC. Market consensus forecasts the index at 332.398, a slight decrease from the previous reading of 332.568. This high-impact release is closely watched for its implications on inflation trends and potential Federal Reserve monetary policy decisions.
Historically, this release has generated significant market volatility. After past CPI releases, EURUSD has seen a median 1-hour move of 21 pips, with top-quarter releases moving 40+ pips. GBPUSD has typically moved 22 pips on average, with larger events seeing 43+ pips. USDJPY has shown a median 1-hour move of 22 pips, with top-quarter events moving 41+ pips. Gold, XAUUSD, has historically experienced a median 1-hour move of 52 pips, with top-quarter releases moving 108+ pips. Other pairs like AUDUSD, NZDUSD, USDCAD, and USDCHF also show notable median moves ranging from 15 to 16 pips.
The most recent CPI print on July 14, 2026, showed an actual reading of 332.568 against a forecast of 332.371, leading to a +37 pips 1-hour move in EURUSD. Prior to that, the June 10, 2026 release saw an actual of 333.979 versus a forecast of 333.233, resulting in an +11 pips EURUSD 1-hour move. The May 12, 2026 release had an actual of 332.407 against a forecast of 330.747, with EURUSD moving -0.9 pips.