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CPI (All Urban)

Consumer Price Index for all urban consumers (index, monthly)

PropertyValue
Categorymacro
UnitDimensionless
Resolution1d
AssetsMACRO
TierBasic
API EndpointGET /v1/macro/inflation
Fieldcpi

Overview​

Consumer Price Index for All Urban Consumers (FRED series CPIAUCSL). The headline US inflation measure released monthly by the Bureau of Labor Statistics. The Federal Reserve's 2% inflation target is officially anchored to PCE, but CPI remains the most-watched inflation print in financial markets.

Interpretation​

  • Rising CPI YoY tightens financial conditions through higher implied real yields and a more hawkish Fed reaction function.
  • Falling CPI YoY allows easier policy and historically benefits long-duration risk assets including Bitcoin.
  • Surprises (versus consensus) move BTC, equities, and rates immediately on release.

Use Cases​

  • Compute year-over-year inflation rates for use in real-yield models (macro_real_yield).
  • Track inflation regime to time BTC allocation decisions — Bitcoin has historically performed best when inflation is rising but the Fed has not yet responded.
  • Pair with macro_core_pce to triangulate the Fed's reaction function.

API Usage​

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/macro/inflation?start_date=2024-01-01&end_date=2024-12-31&limit=365"