#CryptoCPIWatch The first major event to monitor is the release of the Consumer Price Index (CPI) report for April, set for May 13. The CPI is one of the most important inflation indicators and will provide insight into how prices for goods and services have evolved over the month. The report, which excludes volatile food and energy prices, will give the Federal Reserve a clearer picture of inflation trends. Needless to say, it’s expected to have a significant impact on market sentiment.