US CPI m/m preview: US inflation expected to accelerate
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Consumer Price Index month over month (CPI m/m) release is scheduled for September 11, 2026, at 12:30 UTC. This high impact event is expected to show a 0.4% increase for the latest month, according to market consensus. This would mark a significant acceleration from the previous reading of 0.1%. As a key inflation indicator, the CPI m/m provides insight into consumer purchasing power and the Federal Reserve’s monetary policy outlook.
Historically, this release has generated notable market movements. After past releases, EURUSD has seen a median 1-hour move of 21 pips, with top-quarter releases moving 38+ pips over 129 releases since 2015. GBPUSD typically moves a median of 22 pips, with top-quarter events seeing 42+ pips over 129 releases. USDJPY has a median 1-hour move of 21 pips, with top-quarter releases moving 38+ pips over 125 releases. Gold (XAUUSD) has shown a median 1-hour move of 51 pips, with top-quarter releases moving 106+ pips over 126 releases. Other pairs like AUDUSD, NZDUSD, USDCAD, and USDCHF have seen median 1-hour moves of 15 pips. The direction reliability on EURUSD is 48%.
Recent prints for US CPI m/m have varied. The August 2026 release showed an actual reading of 0.1%, following the previous month’s actual of 0.1% in July 2026. The July 2026 figure was notably negative at -0.4%. Prior to that, June 2026 saw a 0.5% increase, and May 2026 registered a 0.6% increase.