Loading page content
Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CPI-U All Items climbed to 334.13 in July 2026
U.S. Bureau of Labor StatisticsMonthlyReleased August 2026
US CPI-U All Items climbed to 334.13 in July 2026, released August 2026, up 1.32 from June's 332.81 reading.
Latest Release
334.131000
Actual
—
Consensus
332.813000
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 | +0.77 | FOREX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.67 | FOREX | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.65 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.63 | FOREX | Moves with | → View |
| USD/CAD | ▼ Inverse | −0.59 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI-U All Items (United States) was reported at 334.13 Index 1982-84=100 in July 2026. The reading rose from the previous value of 332.81 Index 1982-84=100. Over the past 12 months, the indicator has averaged 330.13 Index 1982-84=100, ranging from 325.06 Index 1982-84=100 to 334.13 Index 1982-84=100 across 10 releases. This is classified as a critical-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 333.17 Index 1982-84=100, up from the prior three at 332.23 Index 1982-84=100. Volatility over the past year (σ 3.34 Index 1982-84=100) is higher than the prior year (σ 2.20 Index 1982-84=100). In August readings over the past 3 years, CPI-U All Items has averaged 323.83 Index 1982-84=100.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include OPEC Meeting (Nov 1) and ISM Manufacturing Employment (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
CPI-U All Items - US
Loading chart data...
About CPI-U All Items — United States
DEFINITION
The Consumer Price Index for All Urban Consumers (CPI-U), All Items, published monthly by the Bureau of Labor Statistics. Measures the average change in prices paid by urban consumers for a market basket of consumer goods and services. The headline US inflation gauge.
WHY THIS INDICATOR MATTERS
Headline CPI is the most-watched inflation print globally. It directly influences Fed policy expectations, real-yield calculations, TIPS pricing, and inflation-linked cost-of-living adjustments (Social Security, federal pensions). A hot CPI print can trigger same-day cross-asset repricing of significant magnitude.
MARKET IMPACT
| Market | Direction | Strength | Rationale |
|---|---|---|---|
| US Treasuries | negative | high | Yields spike on upside surprises |
| USD | positive | high | Hawkish Fed pricing on hot CPI |
| S&P 500 | negative | high | Discount-rate shock + tightening fears |
| Gold | mixed | medium | Hedge vs. real-yield response cross-cancel |
FAQ
- What is the difference between headline and core CPI?
- Headline includes food and energy; core excludes them to reduce volatility and reveal underlying trend.
- When is CPI released?
- Mid-month, typically the second Tuesday or Wednesday, at 8:30 AM ET.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 334.1 Index 1982-84=100. Prior reading (Jul 2026): 332.8 Index 1982-84=100. Before that (Jun 2026): 332.6 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 reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.77) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - US Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:00 | US | ISM Manufacturing Prices | 77.9 | 78 | 78.40 | Low | |
| 14:00 | US | ISM Manufacturing Employment | 52.7 | 53 | 54.50 | Medium | |
| 14:00 | US | ISM Manufacturing PMI | 54.5 | 54.7 | 55.50 | High | |
| 14:00 | US | ISM Manufacturing New Orders | 55.3 | 55.4 | 56.05 | Low | |
| 15:00 | US | Construction Spending MoM | 0.9 | 0.6 | 0.45 | Low | |
| 15:00 | US | ISM Manufacturing PMI | 54.5 | 54.7 | 55.50 | High | |
| 15:00 | US | ISM Manufacturing Prices | 77.9 | 77.5 | 77.90 | Low | |
| 15:00 | US | ISM Manufacturing Employment | 52.7 | 53 | 54.50 | Medium | |
| 15:00 | US | ISM Manufacturing New Orders | 55.3 | 55.4 | 56.05 | Low | |
| 15:30 | US | 3-Month Bill Auction | 4.05 | 4.009 | 4.01 | Low | |
| 16:30 | US | 3-Month Bill Auction | 4.05 | 4.009 | 4.01 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 15:00 | US | JOLTs Job Openings | 7.079 | 7.1 | 7.08 | High | |
| 15:00 | US | Economic Optimism Index | 46.8 | 46.2 | 45.00 | Low | |
| 15:00 | US | JOLTs Job Quits | 3.066 | 3.05 | 3.14 | Low | |
| 15:00 | US | Factory Orders ex Transportation | 0.3 | 0.4 | -0.05 | Low | |
| 15:00 | US | Factory Orders MoM | 0.1 | 1.1 | 0.85 | Medium | |
| 19:00 | US | Total Vehicle Sales | 16 | 15.9 | 19.80 | Low | |
| Wednesday, November 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:15 | US | ADP Employment Change | 90 | 65 | 52.00 | High | |
| 13:30 | US | Imports | 420.8 | 429.1 | 430.60 | Medium | |
| 13:30 | US | Balance of Trade | -105.6 | -107.6 | -107.75 | Medium | |
| 13:30 | US | Exports | 315.2 | 320.3 | 321.65 | Medium | |
| 14:00 | US | ISM Services Prices | 74 | 75 | 77.05 | Low | |
| 14:00 | US | ISM Services New Orders | 59.8 | 59.5 | 60.45 | Low | |
| 14:00 | US | ISM Services PMI | 54.9 | 54.5 | 54.30 | High | |
| 14:00 | US | ISM Services Employment | 50.1 | 50 | 47.70 | Low | |
| 14:00 | US | ISM Services Business Activity | 56.5 | 56 | 57.55 | Low | |
| 15:00 | US | ISM Services PMI | 54.9 | 54.8 | 54.60 | High | |
| 15:00 | US | ISM Services New Orders | 59.8 | 59.5 | 60.45 | Low | |
| 15:00 | US | ISM Services Prices | 74 | 75 | 77.05 | Low | |
| 15:00 | US | ISM Services Employment | 50.1 | 50 | 47.70 | Low | |
| 15:00 | US | ISM Services Business Activity | 56.5 | 56 | 57.55 | Low | |