U.S. Inflation Today: CPI, Core CPI, Breakevens & Oil
Headline CPI, core CPI, market-implied breakevens and WTI oil provide complementary views. No single series is treated as a complete inflation forecast.
Liquidity and Yield curve are providing support, while Policy & real rates is resisting the backdrop. The disagreement is the main result—not a calculation error.
Opposing sleeves explain why assets can diverge even when one headline datapoint looks strong.
Use the relevant asset page to compare this backdrop with trend and relative strength.
U.S. inflation today: CPI, core CPI, breakevens and oil
AssetScreener separates measured consumer prices, market-implied inflation compensation and a major energy input.
Headline CPI
334.131Calculated year-over-year change from the stored CPI index.
12M change: +3.7% · Observation 2026-08-01Core CPI
337.765Calculated year-over-year change excluding food and energy.
12M change: +2.8% · Observation 2026-08-0110-Year Breakeven Inflation
2.33%Market-implied inflation compensation, not a pure forecast.
1M change: +0.03 pp · Observation 2026-09-18WTI Crude Oil
$107.02A major energy-price input that can influence headline inflation.
1M change: +27.4% · Observation 2026-09-15Are inflation pressures cooling or broadening?
Headline CPI is changing +3.7% year over year from the raw index, while core CPI is changing +2.8%. The 10-year breakeven rate is 2.33% and WTI has moved +27.4% over one month.
A single oil move or breakeven move is not a complete inflation forecast. The page keeps realised inflation, expectations and energy separate so the source of pressure remains visible.
Inputs used in this analysis
Every value below comes from the stored raw series. Derived changes are calculated at request time.
Consumer Price Index
334.131Calculated year-over-year change is 3.7%.
Observation 2026-08-01 · Index 1982–1984=100 FRED CPIAUCSL source record →Core Consumer Price Index
337.765Calculated year-over-year change is 2.8%.
Observation 2026-08-01 · Index 1982–1984=100 FRED CPILFESL source record →10-Year Breakeven Inflation Rate
2.33%The 10-year breakeven rate is 2.33%.
Observation 2026-09-18 · Percent FRED T10YIE source record →WTI Crude Oil Spot Price
$107.02The latest value is near the framework’s neutral zone.
Observation 2026-09-15 · U.S. dollars per barrel FRED DCOILWTICO source record →Separate realised inflation, expectations and energy.
Headline CPI and core CPI measure observed consumer-price changes. Breakevens are market-implied. Oil is an input. Keeping them separate makes it easier to see whether inflation pressure is broad, market-implied or energy-led.
- Calculate CPI changes from the raw stored indexes.
- Treat breakevens as market pricing, not a pure forecast.
- Treat oil as an inflation input, not the inflation rate itself.
- Compare inflation with real yields and financial conditions.
Verify every series at the source.
- U.S. Bureau of Labor Statistics, Consumer Price Index [CPIAUCSL], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- U.S. Bureau of Labor Statistics, Core Consumer Price Index [CPILFESL], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Federal Reserve Bank of St. Louis, 10-Year Breakeven Inflation Rate [T10YIE], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- U.S. Energy Information Administration, WTI Crude Oil Spot Price [DCOILWTICO], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
This framework describes conditions; it does not predict a market return.
Release lags, revisions, threshold choices and transmission delays can materially change the interpretation.
Common questions about this data
Short answers use the same definitions and limitations as the live framework above.
What inflation measures does AssetScreener track?
The page combines headline CPI, core CPI, the 10-year breakeven inflation rate and WTI crude oil as separate views of realised prices, market expectations and energy pressure.
How is year-over-year CPI calculated?
AssetScreener calculates the percentage change from the stored raw CPI index level rather than storing a separate indicator column.
Is the 10-year breakeven inflation rate a forecast?
Not exactly. It is market-implied inflation compensation and can also reflect liquidity and risk premia.
Why is oil included on the inflation page?
Energy prices can affect headline inflation and household costs, but WTI is an input rather than a complete measure of inflation.
Does lower headline CPI mean inflation risk is gone?
No. Core inflation, expectations, wages, energy and policy conditions can tell different stories, so the page keeps the components separate.
Built to be checked, quoted and revisited.
Canonical URL, update date, definitions and original-source links are kept together so readers and search systems can verify the context.
- Suggested citation
- AssetScreener (2026-08-30). U.S. Inflation Today: CPI, Core CPI, Breakevens & Oil. https://www.assetscreener.com/macro/inflation/
- Underlying sources
- Federal Reserve Economic Data (FRED), CPIAUCSL, CPILFESL, T10YIE, DCOILWTICO, AssetScreener macro methodology