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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CPI-U All Items climbed to 332.81 in June 2026
U.S. Bureau of Labor StatisticsMonthlyReleased July 2026
US CPI-U All Items climbed to 332.81 in June 2026, released July 2026, up 0.25 from May's 332.57 reading.
Latest Release
332.813000
Actual
—
Consensus
332.568000
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 |
| S&P 500 | ▼ Inverse | −0.69 | INDEX | Moves against | → 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 |
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 332.81 Index 1982-84=100 in June 2026. The reading rose from the previous value of 332.57 Index 1982-84=100. Over the past 12 months, the indicator has averaged 329.69 Index 1982-84=100, ranging from 325.06 Index 1982-84=100 to 333.98 Index 1982-84=100 across 9 releases. This is classified as a critical-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 333.12 Index 1982-84=100, up from the prior three at 330.05 Index 1982-84=100. Volatility over the past year (σ 3.22 Index 1982-84=100) is higher than the prior year (σ 2.49 Index 1982-84=100). In July readings over the past 3 years, CPI-U All Items has averaged 322.85 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 Housing Starts MoM (Sep 17) and Building Permits MoM (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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CPI-U All Items - US
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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 (Jul 2026): actual 332.8 Index 1982-84=100. Prior reading (Jun 2026): 332.6 Index 1982-84=100. Before that (May 2026): 334 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.
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Economic Calendar - US Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | NY Empire State Manufacturing Index | 7.6 | 20.6 | 14.75 | 11.18 | High |
| 20:30 | US | API Crude Oil Stock Change | 7.14 | -0.3 | -1.8 | 2.67 | Medium |
| 21:00 | US | API Crude Oil Stock Change | 7.14 | -0.3 | -1.8 | 2.67 | Medium |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales MoM | 1.2 | -0.5 | 0.8 | 1.00 | High |
| 12:30 | US | Retail Sales Ex Autos MoM | 1.4 | -0.2 | 0.5 | 0.80 | High |
| 12:30 | US | Import Prices YoY | 7 | 6.1 | 6.4 | 6.70 | Low |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | 1.2 | -0.3 | 0.2 | 0.45 | High |
| 12:30 | US | Retail Sales YoY | 6 | 5.03 | 4.7 | 5.75 | High |
| 12:30 | US | Export Prices MoM | 0.6 | -1.4 | 0.5 | 0.55 | Medium |
| 12:30 | US | Import Prices MoM | 0.7 | -0.3 | 0.4 | 0.55 | Medium |
| 12:30 | US | Export Prices YoY | 8.6 | 8.1 | 8.5 | 8.55 | Low |
| 14:00 | US | Business Inventories MoM | 0.8 | 0.1 | 0.3 | 0.42 | Medium |
| 14:00 | US | NAHB Housing Market Index | 32 | 35 | 34 | 33.00 | Medium |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.8 | -0.5 | 0.7 | 0.72 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -0.64 | -0.391 | -1.6 | -2.28 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 0.794 | 1.269 | -1 | -0.53 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.585 | 2.087 | 0.1 | 0.83 | Low |
| 16:00 | US | Atlanta Fed GDPNow | 5.1 | 4.4 | 4.4 | 4.63 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 3.75 | 4 | 4.00 | High |
| 20:00 | US | Net Long-Term TIC Flows | -27.9 | 174.4 | 146.3 | 109.78 | Medium |