Cpi Report Expectations Today

Inflation cools: CPI report shows price pressures easing

Key takeaways

• The Bureau of Labor Statistics' Consumer Price Index (CPI) report, due Wednesday, is likely to show a further cooling of inflation.
• The CPI is a widely watched measure of the cost of living.
• The report is expected to show that the CPI rose by 0.5% in June, down from 1.0% in May.
• The report also contains some good news on housing costs, which are the biggest component in the CPI.

What to expect from the CPI report

The CPI report is one of the most closely watched economic indicators. It measures the change in prices for a basket of goods and services purchased by consumers. The CPI is used to track inflation, which is the rate at which prices are rising.

The CPI report is due Wednesday at 8:30 AM ET. Economists are expecting the report to show that the CPI rose by 0.5% in June, down from 1.0% in May. This would be the smallest increase in the CPI since December 2021.

The expected cooling in inflation is good news for consumers. It means that the cost of living is rising at a slower pace. This could give consumers more room to breathe in their budgets.

The CPI report is also likely to show some good news on housing costs. Housing costs are the biggest component in the CPI. The report is expected to show that housing costs rose by 0.3% in June, down from 0.5% in May. This would be the smallest increase in housing costs since October 2021.

The cooling in housing costs is also good news for consumers. It means that the cost of housing is rising at a slower pace. This could make it easier for consumers to afford to buy or rent a home.