July CPI deflation floor bet holds near certainty at 98%

Name: July CPI deflation floor bet holds near certainty at 98%
Creator: ClearMarket
Published: 2026-08-10T09:15:14+00:00
License: https://creativecommons.org/licenses/by/4.0/

98% · $12K 24h

record: CMSIG20260810VS05 | category: volume-spike | target: CM-EVT-HVKDYMRT39 | published: 2026-08-10

4-bullet brief | narrative

Kalshi prices a July 2026 CPI reading above -0.4% month-over-month at 98%, near-certain the print will be less negative than that threshold.
24h volume of $12K equals 42% of all-time handle, a notable concentration ahead of the July CPI release.
Volume at 98% pricing suggests traders are positioning against a tail-risk deflation print, confirming consensus expectations of a mild or positive CPI.
Resolves on the official BLS July 2026 CPI release; residual 2% risk reflects extreme-downside uncertainty only.

atomic briefs | structured for retrieval

[01] volume_anomaly

liquidity kalshi_vol_24h: $12.1K

evaluation

The model, prompt version, and confidence behind this wire are published below — so you can see how it was judged, and re-check it yourself.

judge_engine: llm_judge_cm_signal_v1
judge_verdict: wire_eligible
judge_confidence: 0.81 / 1.00
prompt_template: volume_spike_v1 github · auditable

citation graph

Every wire traces back to the ClearMarket event it is built on, and out to each venue’s own market page — so any figure here can be verified at its source.

internal

cm_event: /events/kxcpi-26jul/

external

venue_a: https://kalshi.com/markets/KXCPI-26JUL-T-0.4

programmatic access · four surfaces, same payload

AI grounded search reads embedded JSON-LD in HTML. Developers query REST. Agentic AI clients (Claude Desktop, Cursor) call MCP tools. AI crawlers index via /llms.txt. Same canonical record at every surface.

HTML	browsers, AI grounded search, crawlers (contains embedded JSON-LD `@type: Dataset`)	`https://clearmarket.fyi/signals/will-cpi-rise-more-than-0-4-in-july-20-vol-12089/`
JSON	REST API for developers	`https://clearmarket.fyi/signals/will-cpi-rise-more-than-0-4-in-july-20-vol-12089.json`
MCP	agentic AI tool call (Claude Desktop, Cursor, Continue)	`clearmarket.get_signal("will-cpi-rise-more-than-0-4-in-july-20-vol-12089")`
AGENT	AI crawler discovery index	`/llms.txt`

 PM data: platform APIs (hourly refresh). News context: retrieved with source citations. Editorial judgment: LLM judge with prompt template versioned per wire type. Per-claim provenance inline above; full per-field provenance map at the JSON endpoint under field_provenance.
  raw JSON record · same payload returned by REST endpoint
 {
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "provenance_version": "0.2.0",
  "record_id": "CMSIG20260810VS05",
  "published_at": "2026-08-10T09:15:14+00:00",
  "detection": "volume_spike",
  "category_tag": "VOLUME_SPIKE",
  "secondary_tags": [],
  "pre_news_classification": "pre_news",
  "target_event_id": "CM-EVT-HVKDYMRT39",
  "target_event_slug": "kxcpi-26jul",
  "event_question": "CPI month-over-month change, July 2026",
  "bullets": [
    "Kalshi prices a July 2026 CPI reading above -0.4% month-over-month at 98%, near-certain the print will be less negative than that threshold.",
    "24h volume of $12K equals 42% of all-time handle, a notable concentration ahead of the July CPI release.",
    "Volume at 98% pricing suggests traders are positioning against a tail-risk deflation print, confirming consensus expectations of a mild or positive CPI.",
    "Resolves on the official BLS July 2026 CPI release; residual 2% risk reflects extreme-downside uncertainty only."
  ],
  "atomic_claims": [
    {
      "type": "volume_anomaly",
      "provenance": "24h + cumulative volume direct from kalshi API; intensity = 24h/cumulative (derived)",
      "field_provenance": {
        "volume_24h_usd": {
          "tier": "direct",
          "method": "kalshi_api"
        },
        "intensity": {
          "tier": "derived",
          "method": "arithmetic",
          "inputs": [
            "volume_24h_usd",
            "volume_cumulative_usd"
          ]
        }
      },
      "liquidity_context": {
        "kalshi_vol_24h_usd": 12089.28
      }
    }
  ],
  "evaluation": {
    "judge_engine": "llm_judge_cm_signal_v1",
    "judge_verdict": "wire_eligible",
    "judge_confidence": 0.81,
    "prompt_template": "volume_spike_v1"
  },
  "citations": {
    "internal": {
      "cm_event": "/events/kxcpi-26jul/",
      "related": []
    },
    "external": {
      "venue_a": "https://kalshi.com/markets/KXCPI-26JUL-T-0.4",
      "venue_b": null,
      "benchmark": null
    }
  },
  "sources": [
    {
      "label": "ClearMarket market record: CPI month-over-month change, July 2026",
      "url": "https://clearmarket.fyi/events/kxcpi-26jul",
      "retrieved_at": "2026-08-10T09:15:14+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "retrieval_grounded",
    "editorial_judgment": "cm_signal_llm_judge"
  }
}
 
   PROVENANCE PROTOCOL v0.2 · [direct] venue api · [mediated] grounded web fetch + source url · [derived] computed from listed inputs · [editorial] versioned llm judgment · full spec /schema/provenance/v1

record CMSIG20260810VS05 published 2026-08-10T09:15:14+00:00 signature sha256-d8e55a4c65b… ← underlying event all signals →