Economic calendar: US CPI inflation report on Tuesday key event of the week 📌

There are no major macroeconomic releases ahead of us today that could affect global market volatility. However, this week investors will get to know some interesting reports.

Last week was important for the Fed due to the release of labor market reports, while this week we will learn detailed inflation data. On Tuesday at 12:30 PM GMT, the February consumer inflation report will be published. For the headline measure, the consensus is 3.1% y/y, which is unchanged from the reading a month ago. However, more positive data are the expected for core inflation at 3.7% y/y, down from 3.9% y/y in January. 

The next inflation report this week is PPI, which will be announced on Thursday. Headline producer inflation is expected to be 1.2% y/y in February, while the core measure is expected to be 2.0% y/y.

Detailed calendar of the week

12 March: Tuesday

• 07:00 AM GMT - UK, labour market data for January/February
• 07:00 AM GMT - Germany, final inflation data for February
• 12:30 PM GMT - USA, CPI inflation report for February
• 20:40 PM GMT - USA, API survey data on oil stocks

13 March: Wednesday

• 07:00 AM GMT - United Kingdom, GDP report for January
• 10:00 AM GMT - Eurozone, retail sales data for January
• 15:30 PM GMT - USA, DOE crude oil inventories data

14 March: Thursday

• 07:00 AM GMT - Sweden, CPI inflation for February
• 08:00 AM GMT - Spain, CPI inflation for February
• 12:30 PM GMT - USA, unemployment claims
• 12:30 PM GMT - USA, PPI inflation for February
• 12:30 PM GMT - USA, retail sales for February
• 14:30 PM GMT - USA, gas inventories data 

15 March: Friday

• 07:45 AM GMT - France, CPI inflation for February 
• 12:30 PM GMT - USA, NY Empire State index for March
• 13:15 PM GMT - USA, industrial production data
• 14:00 PM GMT - USA, UoM data