US CPI Numbers Are Due Tomorrow: Here's What to Expect

The US CPI to be released tomorrow at 8:30 AM. Investors are keenly watching as the key macro report of the week – June CPI inflation data – arrives. This report will be closely monitored by investors.

That's the question the market will be mulling on Wednesday at 8:30 am ET as November inflation numbers are released in the CPI report. The headline inflation number will be crucial. US CPI data due Wednesday - possible upside surprise. OK, what to expect.

What to expect from January's CPI report. The upcoming US inflation report is expected to show headline consumer price index (CPI) increasing by 0.3% month-over-month.

Markets await the key macro report of the week – June CPI inflation data, which will be released tomorrow at 1:30 PM BST. The report will be closely monitored by investors.

Expectations are for 0.2% MoM. Keeping with the higher-than-expected readings in the first quarter, the producer price index rose 0.5% in April, nearly double the expectation to kick off the second quarter.

Prices across the U.S. likely rose 2.9% last month from a year ago, which would remain well above the Federal Reserve's target of a 2% annual rate, according to the average forecasts.