Discipline Funds Macro Tools

Leading Inflation Index

An early read on where inflation might be headed, plotted against headline CPI.

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Leading Index
Headline CPI YoY
Index vs CPI
1 Month Change
Leading Inflation Index Headline CPI YoY
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Source: FRED, Federal Reserve Bank of St. Louis. Headline CPI is series CPIAUCSL.

About the Index

The Leading Inflation Index is a composite of forward-looking macro indicators designed to give an early signal on inflation trends. We plot it against headline CPI so you can see whether the leading signal is running hotter or cooler than what's being reported today.

  • Updated monthly once the underlying housing data is released on FRED.
  • CPI often prints a month or two ahead of the index, which is why the red line can run past the blue one.
  • It's a signal, not a forecast. Use it as context, not as a trading rule.

Last 5 Readings

MonthIndexCPI YoYGap
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Put this to work

Inflation is a time problem. Your portfolio should be built for it.

This index gives you a heads up on where prices might be going. What that means for you depends on when you actually need your money. Our Defined Duration® process matches your assets to your real spending needs over time, so an inflation surprise doesn't force you to sell at the wrong moment.

For informational and educational purposes only. Not investment advice. Historical relationships between indicators and inflation may not hold in the future.