Market Watch: U.S. CPI Data in the Spotlight

On Tuesday, February 13, 2024 at 5:30 PM (Dubai time), the Bureau of Labor Statistics is set to release a crucial inflation indicator, the Consumer Price Index (CPI) y/y, in the U.S.

Here’s a look back at previous readings:


Actual CPI y/y

Forecast CPI y/y

USD index % Change

Sep 13, 2023




Oct 12, 2023




Nov 14, 2023




Dec 12, 2023




Jan 11, 2024





Historically, when the actual figures surpass the forecast, the U.S. Dollar index experiences a rise in the aftermath of the economic indicator’s release.

Conversely, if the actual figure falls short of expectations, the U.S. Dollar index tends to decline following the news release.

The market anticipates a decline, with expectations shifting from 3.4% to 2.9%.

Should the actual result align with these expectations, it would mark the lowest figure since April 13, 2021, signaling easing inflationary pressures.

Based on historical data, this scenario could most probably cause the U.S. Dollar to decrease, following the news release.



The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice.  Any view expressed does not constitute a personal recommendation or solicitation to buy or sell.  The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI.  Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.