The next CPI release.
The Bureau of Labor Statistics publishes its CPI release schedule a full year ahead. Below: a live countdown to the next print, the full 12-month schedule, and a live economic calendar filtered to inflation events worldwide.
BLS Consumer Price Index
Calculating next release · 8:30 a.m. ET · Source: bls.gov/schedule/news_release/cpi.htm
Inflation events calendar
Live TradingView economic calendar filtered to U.S., Eurozone, UK, Japan, China, Canada, and Australia inflation releases.
BLS CPI release schedule
Source: bls.gov/schedule/news_release/cpi.htm. All releases 8:30 a.m. ET. Schedule is preliminary and subject to BLS confirmation.
| Reference month | Release date (typical pattern) | Time |
|---|
How CPI releases typically unfold
8:30 a.m. ET — Release. The full data tables drop simultaneously at bls.gov. Embargo-released media coverage hits within seconds. Treasury yields and equity index futures react instantly. The first market-moving question is the headline year-over-year change versus consensus.
8:30 to 8:45 a.m. ET — Component breakdown. Analysts digest the supercore and shelter prints. The S&P 500 futures and 2-year Treasury yield typically continue moving for 10–15 minutes as the full composition becomes clear. A headline beat with hot core/shelter is bearish; a headline miss with cool core is bullish.
9:00 a.m. ET to noon — Fed implications. Fed funds futures reprice. Short-term rate expectations adjust on the implied probability of the next FOMC decision. Wall Street strategists publish their analyses. CNBC and Bloomberg lead with the reaction.
2:00 p.m. ET onward — Equity reaction. Sector dispersion plays out — rate-sensitive sectors (real estate, utilities) move on Treasury yields, growth tech on Fed expectations, financials on a mix. The full market reaction often takes the full session to settle.
The volatility window narrows after the first hour. Most informed positioning happens in the first 30 minutes; the longer-tail price discovery reflects flows from systematic and macro strategies repositioning portfolios.
Past release coverage
For analysis of each past release, see our News & Analysis page. The newsletter version is sent within an hour of each print.
Frequently asked questions
When is the next CPI release?
The BLS releases CPI monthly, typically in the second or third week of each month. The exact date is published a year in advance. Use the countdown above for the next scheduled release.
What time does CPI come out?
8:30 a.m. Eastern Time, the same release time used for almost all monthly BLS economic releases.
Why is the release time 8:30 a.m. ET?
It pre-dates U.S. equity market open by an hour, giving traders and broadcast media time to process the data before regular trading begins. Most major U.S. economic releases follow this convention.
Can the release schedule change?
Rarely, but yes. Government shutdowns have delayed CPI releases in the past. BLS announces any schedule changes in advance when possible.
Are forecasts published before the release?
Yes. Bloomberg, Reuters, and other financial information providers publish consensus forecasts based on surveys of bank economists ahead of each release.
Does CPI move markets?
Materially. CPI releases are typically among the highest-impact U.S. economic data points for Treasury yields and equity markets, especially when the print surprises versus consensus.