On April 15th at 12.30GMT the U.S. Bureau of Labor Statistics published the March value of Core CPI.
February value: 0.2% March forecast 0.2%
Сorе Consumer Price Index (CPI) is one of the most significant inflation indicators depicting the dynamics of consumer prices in a specific country (in this case the USA). The Fedеral Opеn Markеt Committeе (FOMC) takes these data into account when considering the future monetary policy. 
Core CPI is different from standard CPI as the former doesn’t take into account the prices on energy carriers, foodstuffs etc. because they are rather volatile. CPI is one of the 3 most important monthly indexes calculated by the U.S. Department of Labor. Various service payments (from healthcare fees to airline tickets) make up almost 60% of the CPI value.
When considering mid-term and long-term trading strategies the index can be taken into account. As for short-term strategies, Forex traders should pay serious attention to monthly Core CPI news releases. The Core CPI value is correlated with the US Dollar exchange rate. Higher living standards force the country’s central bank to take specific steps to curb the inflation rate, including an interest rate increase.
The markets of silver and gold are rather sensitive about the index while the market of crude oil usually shows no reaction to Core CPI. As the US Dollar declines in value the prices may grow.
The 5th living-wage increase in a row has split the Fed Res:The Fed Res Chairman Ben Bernanke, Vice Chairman Janet Yellen and William C. Dudley, President of Federal Reserve Bank of New York, say that the price hike will probably be temporary as the economic growth is still too fragile. Charles Plosser, President of Federal Reserve Bank of Philadelphia, and Richard Fisher, President of Federal Reserve Bank of Dallas, share another opinion. They say the Fed Reserve should cancel the monetary stimulation scheduled for this year.
The data are published on a monthly basis, as a rule within the first 15 days of the month following the reporting one.
