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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CPI Energy climbed to 321.15 in July 2026
U.S. Bureau of Labor StatisticsMonthlyReleased August 2026
US CPI Energy climbed to 321.15 in July 2026, released August 2026, up 6.6 from June's 314.55 reading.
Latest Release
321.148000
Actual
—
Consensus
314.553000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.64 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| USD/CAD | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.48 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI Energy (United States) was reported at 321.15 Index 1982-84=100 in July 2026. The reading rose from the previous value of 314.55 Index 1982-84=100. Over the past 12 months, the indicator has averaged 306.86 Index 1982-84=100, ranging from 281.44 Index 1982-84=100 to 338.64 Index 1982-84=100 across 10 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 318.33 Index 1982-84=100, down from the prior three at 326.21 Index 1982-84=100. Volatility over the past year (σ 19.98 Index 1982-84=100) is higher than the prior year (σ 2.86 Index 1982-84=100). In August readings over the past 3 years, CPI Energy has averaged 291.20 Index 1982-84=100.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Oct 14) and Core Inflation Rate YoY (Oct 14).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI Energy - US
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About CPI Energy — United States
DEFINITION
US CPI Energy rose to 321.148 in August, up from July’s 314.553, marking a continued increase in energy costs. August’s reading reversed June’s decline from May’s 338.639 to 319.29, signaling renewed upward pressure on inflation. Market focus remains on how sustained energy price gains will influence Federal Reserve policy and upcoming inflation reports. Updated 10/4/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 321.1 Index 1982-84=100. Prior reading (Jul 2026): 314.6 Index 1982-84=100. Before that (Jun 2026): 319.3 Index 1982-84=100.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.64) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Tuesday, October 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | US | NFIB Business Optimism Index | 97.9 | 98.7 | 98 | 97.95 | Low |
| 14:00 | US | Existing Home Sales MoM | 1.5 | -3.2 | -0.3 | 0.60 | High |
| 14:00 | US | Existing Home Sales | 3.99 | 3.93 | 3.95 | 3.97 | High |
| 15:30 | US | 3-Month Bill Auction | 4.085 | 4.05 | 4.009 | 4.05 | Low |
| Wednesday, October 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 18:00 | US | Budget Balance | -167 | -29 | -29.00 | Medium | |
| Thursday, October 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Producer Price Index YoY | 5.4 | 5.3 | 5.30 | Low | |
| 12:30 | US | Philadelphia Fed Manufacturing Index | 37.8 | 28.4 | 42.60 | Medium | |
| 12:30 | US | NY Empire State Manufacturing Index | 7.6 | 10.3 | 10.30 | High | |
| 12:30 | US | Core PPI YoY | 4.6 | 4.4 | 4.40 | Low | |
| 12:30 | US | Continuing Jobless Claims | 1716 | 1710 | 1702.50 | High | |
| 12:30 | US | PPI Ex Food, Energy and Trade YoY | 4.7 | 4.7 | 4.70 | Low | |
| 12:30 | US | Producer Price Index MoM | 0.4 | 0.5 | 0.50 | High | |
| 12:30 | US | PPI Ex Food, Energy and Trade MoM | 0.3 | 0.3 | 0.30 | Low | |
| 12:30 | US | Initial Jobless Claims | 197 | 200 | 195.50 | High | |
| 12:30 | US | Producer Price Index | 157.411 | 159.1 | 159.10 | Low | |
| 12:30 | US | Jobless Claims 4-Week Average | 198 | 199 | 198.13 | High | |
| 12:30 | US | Core PPI MoM | 0.2 | 0.3 | 0.30 | Medium | |
| 12:30 | US | Retail Sales MoM | 1.4 | 0.3 | 0.30 | High | |
| 12:30 | US | Retail Sales Ex Autos MoM | 1.4 | 0.5 | 0.45 | High | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | 1.2 | 0.2 | 0.25 | High | |
| 12:30 | US | Retail Sales YoY | 6 | 5.2 | 5.20 | High | |
| 13:30 | US | Retail Sales YoY | 6 | 5.2 | 5.20 | High | |
| 13:30 | US | Retail Sales Ex Autos MoM | 1.4 | 0.5 | 0.45 | High | |
| 13:30 | US | Retail Sales MoM | 1.2 | 0.1 | 0.10 | High | |
| 13:30 | US | Retail Sales Ex Gas/Autos MoM | 1.2 | 0.2 | 0.25 | High | |
| 14:00 | US | Business Inventories MoM | 0.8 | 0.4 | 0.40 | Medium | |