Consumer Price Index (MoM)

The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

Most recent - Wednesday 11 December 2024 13:30

Previous
0.2%
Revised
-
Forecast
0.3%
Actual
0.3%

Next event - Tuesday 14 January 2025 13:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Consumer Price Index (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index (MoM) was 0.3% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Wednesday 11 December 2024 13:30
0.3%
0.3%
Wednesday 13 November 2024 13:30
0.2%
0.2%
Thursday 10 October 2024 12:30
0.1%
0.2%
Wednesday 11 September 2024 12:30
0.2%
0.2%
Wednesday 14 August 2024 12:30
0.2%
0.2%
Thursday 11 July 2024 12:30
0.1%
-0.1%
Wednesday 12 June 2024 12:30
0.1%
0%
Wednesday 15 May 2024 12:30
0.4%
0.3%
Wednesday 10 April 2024 12:30
0.3%
0.4%
Tuesday 12 March 2024 12:30
0.4%
0.4%
Tuesday 13 February 2024 13:30
0.2%
0.3%
Thursday 11 January 2024 13:30
0.2%
0.3%
Tuesday 12 December 2023 13:30
0.1%
0.1%
Tuesday 14 November 2023 13:30
0.1%
0%
Thursday 12 October 2023 12:30
0.3%
0.4%
Wednesday 13 September 2023 12:30
0.6%
0.6%
Thursday 10 August 2023 12:30
0.2%
0.2%
Wednesday 12 July 2023 12:30
0.3%
0.2%
Tuesday 13 June 2023 12:30
0.2%
0.1%
Wednesday 10 May 2023 12:30
0.4%
0.4%
Wednesday 12 April 2023 12:30
0.3%
0.1%
Tuesday 14 March 2023 12:30
0.4%
0.4%
Tuesday 14 February 2023 13:30
0.5%
0.5%
Thursday 12 January 2023 13:30
0%
-0.1%
Tuesday 13 December 2022 13:30
0.3%
0.1%
Thursday 10 November 2022 13:30
0.6%
0.4%
Thursday 13 October 2022 12:30
0.2%
0.4%
Tuesday 13 September 2022 12:30
-0.1%
0.1%
Wednesday 10 August 2022 12:30
0.2%
0%
Wednesday 13 July 2022 12:30
1.1%
1.3%
Friday 10 June 2022 12:30
0.7%
1%
Wednesday 11 May 2022 12:30
0.2%
0.3%
Tuesday 12 April 2022 12:30
1.2%
1.2%
Thursday 10 March 2022 13:30
0.8%
0.8%
Thursday 10 February 2022 13:30
0.5%
0.6%
Wednesday 12 January 2022 13:30
0.4%
0.5%

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (MoM) result:

PreviousLatest
Michigan Consumer Sentiment Index(no change)7474
UoM 5-year Consumer Inflation ExpectationBearish change3.1%3%
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.8%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.3%2.4%
Personal Income (MoM)Bearish change0.7%0.3%
Personal SpendingBullish change0.3%0.4%
Existing Home Sales Change (MoM)Bullish change3.4%4.8%
Initial Jobless ClaimsBullish change242K220K
Philadelphia Fed Manufacturing SurveyBearish change-5.5-16.4
Core Personal Consumption Expenditures (QoQ)Bullish change2.1%2.2%
Gross Domestic Product AnnualizedBullish change2.8%3.1%
Gross Domestic Product Price Index(no change)1.9%1.9%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Fed Interest Rate DecisionBearish change4.75%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.9%
Interest Rate Projections - 2nd yearBullish change2.9%3.4%
Interest Rate Projections - 3rd yearBullish change2.9%3.1%
Interest Rate Projections - Current(no change)4.4%4.4%
Interest Rate Projections - LongerBullish change2.9%3%
Building Permits (MoM)Bullish change1.419M1.505M
Housing Starts (MoM)Bearish change1.312M1.289M
Industrial Production (MoM)Bullish change-0.4%-0.1%
Retail Sales (MoM)Bullish change0.5%0.7%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)(no change)0.2%0.2%
S&P Global Composite PMIBullish change54.956.6
S&P Global Manufacturing PMIBearish change49.748.3
S&P Global Services PMIBullish change56.158.5
NY Empire State Manufacturing IndexBearish change31.20.2
Initial Jobless ClaimsBearish change225K242K
Producer Price Index (MoM)Bullish change0.3%0.4%
Producer Price Index (YoY)Bullish change2.6%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change3.1%3.4%
Monthly Budget StatementBearish change$-257B$-367B
Consumer Price Index (YoY)Bullish change2.6%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Nonfarm Productivity(no change)2.2%2.2%
Unit Labor CostsBearish change1.9%0.8%

About Consumer Price Index (MoM)

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Inflation
Frequency:Monthly

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