(Part 1 of 5) Economic Calendar (12Jan2026) - CPI, PPI and more
Economic Preview: Key Data Releases for January 2026 (week of 12Jan2026)
Inflation Indicators
The primary economic figure to monitor in the coming week is the Consumer Price Index (CPI). The previous CPI reading stands at 2.7%, serving as a key benchmark for inflation. This data point will be closely analysed by the Federal Reserve as it considers its next decision regarding interest rates.
In addition to the CPI, the Producer Price Index (PPI) is another significant measure of inflation to observe. The most recent month-over-month PPI data for November was 0.3%. The PPI reflects inflation at the producer level and is often seen as a leading indicator, as increases in producer costs can eventually be passed down to consumers.
Bond Market Activity
It is also important to keep an eye on the upcoming 10-year note auction and the 30-year bond auction. Bonds are favoured by investors seeking safer assets for capital growth. A rise in demand for bonds, seen through increasing interest rates, may indicate that more funds are being directed into bonds rather than the stock market. This shift in demand can, in turn, affect stock demand and prices.
Consumer Spending Metrics
Core retail sales and overall retail sales data for November are key indicators of consumer activity in the U.S. domestic market. The most recent month-over-month growth in core retail sales was reported at 0.4%, providing insight into consumption trends.
Real Estate Market Data
For the real estate sector, both new home sales (October) and existing home sales (December) are important to monitor. The forecast for new home sales in October is 710,000, a notable decrease from the previous 800,000, marking a 10%+ decline month-over-month. While there is no forecast yet for existing home sales in December, the previous month’s figure was 4.13 million units.
Manufacturing and Production
Additional manufacturing data to watch includes the Philadelphia Fed Manufacturing Index for January, which previously recorded a value of -10.2, indicating contraction in the sector. Conversely, the S&P Global Manufacturing PMI for January was 52.2, suggesting that the manufacturing sector is in a phase of expansion.
Energy Sector Update
In the energy market, crude oil inventories saw a drawdown of more than 3.832 million barrels. This reduction suggests that producers anticipate increased consumption.
Labour Market Indicator
Finally, initial jobless claims are another important data point for the Federal Reserve to consider in its upcoming interest rate decision. The most recent figure for initial jobless claims stands at 208,000.
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