US Consumer Price Index (CPI)

Latest: 334.1

Historical CPI

Why CPI Matters for Energy Markets

Energy prices are a major component of the Consumer Price Index, accounting for roughly 7% of the CPI basket. Rising oil prices directly push CPI higher, which can trigger Fed rate hikes — creating a feedback loop that ultimately affects energy demand and prices.

Key relationships:

  • Oil → CPI: Higher crude prices flow through to gasoline, heating oil, and electricity costs
  • CPI → Fed: Persistent inflation above 2% triggers monetary tightening
  • Fed → USD: Rate hikes strengthen the dollar, which pressures oil prices (inverse correlation)

Access This Data via API

Add US_CPI to your existing API call alongside commodity prices.

GETGET /v1/prices/latest?code=BRENT_CRUDE_USD,US_CPI
curl -X GET "https://api.oilpriceapi.comGET /v1/prices/latest?code=BRENT_CRUDE_USD,US_CPI"

Sample Response

{
  "prices": [
    {
      "code": "US_CPI",
      "value": 334.13,
      "currency": "INDEX",
      "source": "fred_api"
    }
  ]
}
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