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 12 June 2024 12:30

Previous
0.3%
Revised
-
Forecast
0.1%
Actual
0%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 11 July 2024 12:30

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% against a forecast of 0.1%.

Past events

Date
Forecast
Actual
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%
Friday 10 December 2021 13:30
0.7%
0.8%
Wednesday 10 November 2021 13:30
0.6%
0.9%
Wednesday 13 October 2021 12:30
0.3%
0.4%
Tuesday 14 September 2021 12:30
0.4%
0.3%
Wednesday 11 August 2021 12:30
0.5%
0.5%
Tuesday 13 July 2021 12:30
0.5%
0.9%

Economic context

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

PreviousLatest
Existing Home Sales Change (MoM)Bullish change-1.9%-0.7%
S&P Global Composite PMIBullish change54.554.6
S&P Global Manufacturing PMIBullish change51.351.7
S&P Global Services PMIBullish change54.855.1
Building Permits (MoM)Bearish change1.44M1.386M
Housing Starts (MoM)Bearish change1.352M1.277M
Initial Jobless ClaimsBullish change243K238K
Philadelphia Fed Manufacturing SurveyBearish change4.51.3
Industrial Production (MoM)Bullish change0%0.9%
Retail Sales (MoM)Bullish change-0.2%0.1%
Retail Sales Control GroupBullish change-0.5%0.4%
Retail Sales ex Autos (MoM)(no change)-0.1%-0.1%
NY Empire State Manufacturing IndexBullish change-15.6-6
Michigan Consumer Sentiment IndexBearish change69.165.6
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change229K242K
Producer Price Index (MoM)Bearish change0.5%-0.2%
Producer Price Index (YoY)Bearish change2.3%2.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.5%0%
Producer Price Index ex Food & Energy (YoY)Bearish change2.4%2.3%
Monthly Budget StatementBearish change$209.5B$-347B
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change3.9%4.1%
Interest Rate Projections - 2nd year(no change)3.1%3.1%
Interest Rate Projections - CurrentBullish change4.6%5.1%
Interest Rate Projections - LongerBullish change2.6%2.8%
Consumer Price Index (YoY)Bearish change3.4%3.3%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%

About Consumer Price Index (MoM)

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

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