CPI Release Dates 2026 and Market Reaction
The next Consumer Price Index (CPI) is scheduled for Wednesday, October 14, 2026 at 8:30 AM ET. On 420 CPI days since 1993, SPY's move landed in the biggest quarter of all trading days 25.2% of the time, against 25% for any day, within two standard errors (±4.2 points) of chance: by this measure a CPI day is indistinguishable from a normal session. The median move was 0.57% against 0.53% on all days.
August 2026, released Sep 11, 2026
Upcoming CPI dates
- Wednesday, October 14, 20268:30 AM ET
- Tuesday, November 10, 20268:30 AM ET
- Thursday, December 10, 20268:30 AM ET
Schedule: FRED release 10. Release record since 1949.
Does the market move on release day?
On 420 CPI days since 1993, SPY's move landed in the biggest quarter of all trading days 25.2% of the time, against 25% for any day, within two standard errors (±4.2 points) of chance: by this measure a CPI day is indistinguishable from a normal session. The median move was 0.57% against 0.53% on all days. SPY closed higher on 56.0% of release days against 53.6% of all days. The 10-year Treasury yield moved a median 3.7 bp either way, against 3.2 bp on all days.
When the headline Consumer Price Index (CPI) came in above its prior reading (195 days), release days carried an average SPY return of +0.03%; when it came in below (202 days), an average SPY return of +0.05%.
The top quarter means a close-to-close SPY move of 1.04% or more either way, the 75th percentile of every trading day since 1993. Headline values are today's revised figures, and no consensus forecasts are used, so above and below compare each print with the previous print. This is not a surprise study: markets react to the gap between a release and what was expected.
Recent CPI releases
| Released | Period | Consumer Price Index (CPI) | Prior | SPY | 10-year |
|---|---|---|---|---|---|
| Sep 11, 2026 | August 2026 | 3.4% | 3.3% | +0.84% | +3.1 bp |
| Aug 12, 2026 | July 2026 | 3.3% | 3.5% | +0.25% | −0.2 bp |
| Jul 14, 2026 | June 2026 | 3.5% | 4.2% | +0.36% | −2.4 bp |
| Jun 10, 2026 | May 2026 | 4.2% | 3.8% | −1.58% | +1.4 bp |
| May 12, 2026 | April 2026 | 3.8% | 3.3% | −0.15% | +5.3 bp |
| Apr 10, 2026 | March 2026 | 3.3% | 2.4% | −0.07% | +2.4 bp |
| Mar 11, 2026 | February 2026 | 2.4% | 2.4% | −0.13% | +7.2 bp |
| Feb 13, 2026 | January 2026 | 2.4% | 2.7% | +0.07% | −4.8 bp |
| Jan 13, 2026 | December 2025 | 2.7% | 2.7% | −0.20% | −1.6 bp |
| Dec 18, 2025 | November 2025 | 2.7% | 3.0% | +0.76% | −3.5 bp |
| Oct 24, 2025 | September 2025 | 3.0% | 2.9% | +0.82% | +0.6 bp |
| Sep 11, 2025 | August 2025 | 2.9% | 2.7% | +0.83% | −2.1 bp |
| Aug 12, 2025 | July 2025 | 2.7% | 2.7% | +1.06% | +2.0 bp |
| Jul 15, 2025 | June 2025 | 2.7% | 2.4% | −0.43% | +6.2 bp |
| Jun 11, 2025 | May 2025 | 2.4% | 2.3% | −0.29% | −6.2 bp |
| May 13, 2025 | April 2025 | 2.3% | 2.5% | +0.66% | +4.2 bp |
| Apr 10, 2025 | March 2025 | 2.5% | 2.8% | −4.38% | −0.6 bp |
| Mar 12, 2025 | February 2025 | 2.8% | 3.0% | +0.53% | +3.0 bp |
| Feb 12, 2025 | January 2025 | 3.0% | 2.9% | −0.32% | +10.0 bp |
| Jan 15, 2025 | December 2024 | 2.9% | 2.7% | +1.82% | −13.5 bp |
| Dec 11, 2024 | November 2024 | 2.7% | 2.6% | +0.77% | +5.0 bp |
| Nov 13, 2024 | October 2024 | 2.6% | 2.4% | +0.05% | +1.9 bp |
| Oct 10, 2024 | September 2024 | 2.4% | 2.6% | −0.18% | +2.9 bp |
| Sep 11, 2024 | August 2024 | 2.6% | 2.9% | +1.03% | +0.7 bp |
Newest first. Values are today's revised data; a dash means no matched value.
What it measures
The monthly measure of consumer inflation: the change in prices for a fixed basket of goods and services bought by urban households, with a core version that excludes food and energy.
- Published by
- Bureau of Labor Statistics (BLS)
- Release time
- 8:30 AM ET
- Schedule source
- FRED release 10
- Indicator pages
- Consumer Price Index (CPI)Core CPI
Frequently asked questions
When is the next CPI release?
The next Consumer Price Index (CPI) is scheduled for Wednesday, October 14, 2026 at 8:30 AM ET. After that: Tuesday, November 10, 2026; Thursday, December 10, 2026. Source: Bureau of Labor Statistics.
What time is the CPI released?
The Bureau of Labor Statistics publishes the Consumer Price Index (CPI) at 8:30 AM Eastern Time on its scheduled release days.
Does the stock market move on CPI days?
On 420 CPI days since 1993, SPY's move landed in the biggest quarter of all trading days 25.2% of the time, against 25% for any day, within two standard errors (±4.2 points) of chance: by this measure a CPI day is indistinguishable from a normal session. The median move was 0.57% against 0.53% on all days. SPY closed higher on 56.0% of release days against 53.6% of all days. The 10-year Treasury yield moved a median 3.7 bp either way, against 3.2 bp on all days.
How did the market react to the last CPI release?
On Friday, September 11, 2026, SPY moved +0.84% close to close and the 10-year Treasury yield +3.1 bp. The headline Consumer Price Index (CPI) read 3.4% against 3.3% before.
August 2026, released Sep 11, 2026