Market question: US inflation >0.1% from June to July 2024?
Category: Other
Tags: Economy, Inflation, Business

This is a market on a month-to-month inflation, as measured by the Bureau of Labor Statistics (CPI-U), from June to July 2024. Inflation is measured by a change in Consumer Price Index for All Urban Consumers (CPI-U) on a seasonally adjusted basis, reported by the U.S. Bureau of Labor Statistics.

This market will resolve to “Yes” if the index increased by more than 0.1 percent (on a seasonally adjusted basis) from June to July 2024 and “No“ otherwise.

The resolution source for this market will be the BLS July 2024 Consumer Price Index report (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on August 14, 2024, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

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The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports seasonally-adjusted month-to-month inflation to only one decimal point (e.g. 0.7%). Thus, this is the level of precision that will be used when resolving the market (e.g. if seasonally adjusted month-to-month CPI-U is 0.2%, the market will resolve to “Yes”, if it is 0.1%, this market will resolve to “No”).

Outcome: Yes