U.S. Inflation Projected to Rise to 2.9% in Upcoming CPI Report
Market participants are awaiting tomorrow's Consumer Price Index data, with forecasts indicating a potential increase in the inflation rate to 2.9%.
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Terms & Concepts
Consumer Price Index (CPI): A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, which serves as a key indicator of inflation.