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US Consumer Price Index (CPI)

Inflation · source: Bureau of Labor Statistics

CPI is the headline measure of US consumer inflation — the year-over-year change in the prices households pay for goods and services.

Latest
4.5% y/y
Previous
4.1% y/y
Surprise vs trend
+3.3σ
well above its recent 12-release trend

Trend — last releases

2026-05-014.5% y/y
2026-04-014.1% y/y
2026-03-013.5% y/y
2026-02-012.9% y/y
2026-01-013.1% y/y
2025-12-012.7% y/y

How Atlas reads CPI

Atlas shows the real released figure and a surprise score — how far the latest print sits from its own trailing 12-release trend, in standard deviations. A reading above +0.5σ ran hot versus recent history; below −0.5σ ran cold. There is no invented forecast: where a consensus is not freely available, Atlas shows the trend instead of guessing a number. Every figure here is the real value published by the Bureau of Labor Statistics and distributed via FRED.

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Updated 2026-06-21. Figures sourced from the Federal Reserve Bank of St. Louis (FRED) and the Bureau of Labor Statistics. Research and educational use only. Not financial advice. No brokerage execution.