US inflation data is especially critical for the crypto market. The US inflation data announced every month affect the course of cryptocurrencies, especially Bitcoin, with the Fed’s interest rate decision. Investors’ eyes have turned to the US January inflation figures. For this reason, when and at what time will the January 2023 US inflation be announced? The answer to the question began to be sought frequently.
What is US Inflation Data?
US inflation data is an indicator that measures the increase in the general level of prices in the United States. The inflation rate is the percentage of the average price increase compared to the same period of the previous year. Inflation data is usually released monthly and is considered pioneering because it can affect economic activity and monetary policy.
Just as the inflation data announced in Turkey affects a wide range of economic areas from rent increase to price hikes, the US inflation also has a global impact. This effect is especially applicable to crypto assets.
When is US Inflation Data Released?
US inflation data is usually released monthly. Leading inflation data (Consumer Price Index – CPI) are usually announced in the first week of the month, while retrospective inflation data (Personal Consumption Expenditures – PCE) are announced in the middle of the month. These dates may change a few days before the official release dates, so it is recommended to follow the official release dates.
What Time Is US Inflation Data Released?
United States inflation data is published by the US Department of Commerce and Industry (Bureau of Labor Statistics – BLS). The BLS releases inflation data in the morning, specifically at 8:30 pm ET. Due to the 8-hour time difference, the inflation in the United States of America is published at 16.30. In addition, a preliminary non-public report for data may be submitted by the BLS earlier in the day. However, the times when official data are released are specified in any monthly announcement. For this reason, it is recommended to follow the times for disclosure.
US Inflation Statement
The US inflation statement consists of Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) data published by the Bureau of Labor Statistics (BLS) of the United States Department of Commerce and Industry. While CPI measures the change in prices of goods and services consumed by consumers in the USA, PCE is considered the most important inflation indicator for the US economy and measures the change in prices of goods and services consumed by consumers.
The Fed, on the other hand, sets its monetary policies by carefully examining the data before and after the official announcement dates.
Because this information plays an important role in the US and world economy, they play an important role in financial markets and monetary policy.
US January 2023 Inflation Data Expectation
US January inflation data will be released on Thursday, January 12 at 16:30. Economists expect recession risks to be high and inflation to fall this year. The economic outlook for the USA for 2023 is defined by slowing growth, rapid monetary tightening and moderate inflation.
January 2023 inflation expectation (CPI) is 0.3 percent monthly and 5.7 percent annually.
US December 2022 Inflation Data Lost?
December 2022 US inflation data was set at 7 percent. With the official data of 7 percent announced, the inflation rate had reached the highest level since 1982. Consumer prices rose 0.6 percent month-on-month in December. The expectation was 0.5 percent.
What is America’s Inflation Rate?
The United States inflation rate is the value obtained from the Consumer Price Index (CPI) or Personal Consumption Expenditures (PCE) data published by the United States Department of Commerce and Industry (Bureau of Labor Statistics – BLS). The inflation rate shows how much prices have risen or fallen compared to the same month of the previous year.
The annual inflation rate is usually expressed as a percentage. For example, if the inflation rate is 2 percent annually, it means that prices have increased by 2 percent compared to the same month last year. The Fed usually targets an annual inflation rate of between 2 and 3 percent.
A high inflation rate can cause the currency to depreciate, interest rates to rise and the economy to slow down, so it is important for the economy to have a low and stable inflation rate.