Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

HERE COMES CPI...

Myles UdlandAug 19, 2014, 17:30 IST

Flickr/walkadogHot air balloon on Prospect Lake in Colorado Springs, Colorado

The latest consumer price index report is set for release from the BLS at 8:30 am ET.

Expectations are for CPI to rise 0.1% month-over-month, and 2% year-over-year.

"Core" CPI, which excludes food and gas - which tend to be more volatile - is expected to rise 0.2% over last month and 1.9% over last year.

CPI isn't the Fed's preferred measure of inflation - that would be the personal consumption expenditures, or PCE report - but with both metrics remaining well below the Fed's 2% target, the central bank hasn't been pressured to raise interest rates.

We'll be back with the live numbers when they hit.