Get ready for new inflation numbers. The release of the Consumer Price Index has become one of the key dates on each month's economic calendar, the source of new evidence showing how severe the inflation problem is, and how far the Federal Reserve might have to go to quash it.
Driving the news: This month's number — due out at 8:30am ET on Friday and expected to show 0.8% overall inflation in May — comes amid an important debate over how to compare today's numbers to the past.
