Source: https://mochatrade.com/learn/glossary/core-cpi

# Core CPI
URL: https://mochatrade.com/learn/glossary/core-cpi
Last modified: 2026-10-17

Core CPI is CPI with food and energy removed, the volatile parts that interest rates cannot fix. The market often trades core over headline because it shows [the inflation the Fed has to answer](https://mochatrade.com/learn/us-market-structure/us-inflation-explained), and a hot core print reprices [the next Fed meeting](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets) within a second.

## Related terms

- CPI: https://mochatrade.com/learn/glossary/cpi
- Average hourly earnings: https://mochatrade.com/learn/glossary/average-hourly-earnings
- PCE: https://mochatrade.com/learn/glossary/pce
- 2-year Treasury yield: https://mochatrade.com/learn/glossary/2-year-treasury-yield
- Dot plot: https://mochatrade.com/learn/glossary/dot-plot
- Crude oil (WTI vs Brent): https://mochatrade.com/learn/glossary/crude-oil