U.S. Consumer Price Index (CPI)

The Consumer Price Index (CPI) measures changes in the prices of goods and services, excluding food and energy. This index measures the change in prices from the consumer’s point of view. This is an important method for measuring changes in purchasing power and inflation trends.
A higher than expected reading should be considered positive/bullish for the USD, while a lower than expected reading should be considered negative/bearish for the USD.
The US Consumer Price Index was released at 1:30 pm on January 12 at 0.1%, which was 0.2% above forecasts. It should also be noted that the figure of the last period of this index was published in accordance with the current figure. Following the publication of this influential index, we saw the growth of the price of gold to the level of $1886.