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.

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Most recent - Tuesday 14 November 2023 13:30

0.4%

Revised

Forecast

0.1%

Actual

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

Next event - Tuesday 12 December 2023 13:30

Forecast

0.1%

Actual

The typical/expected impact on USD pairs is high.

The consensus forecast for Consumer Price Index (MoM) is 0.1%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

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

Tuesday 14 November 2023 13:30

0.1%

Thursday 12 October 2023 12:30

0.3%

0.4%

Wednesday 13 September 2023 12:30

0.6%

Thursday 10 August 2023 12:30

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%

Wednesday 12 April 2023 12:30

0.3%

0.1%

Tuesday 14 March 2023 12:30

0.4%

Tuesday 14 February 2023 13:30

0.5%

Thursday 12 January 2023 13:30

-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%

Wednesday 13 July 2022 12:30

1.1%

1.3%

Friday 10 June 2022 12:30

0.7%

Wednesday 11 May 2022 12:30

0.2%

0.3%

Tuesday 12 April 2022 12:30

1.2%

Thursday 10 March 2022 13:30

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%

Tuesday 13 July 2021 12:30

0.5%

0.9%

Thursday 10 June 2021 12:30

0.4%

0.6%

Wednesday 12 May 2021 12:30

0.2%

0.8%

Tuesday 13 April 2021 12:30

0.5%

0.6%

Wednesday 10 March 2021 13:30

0.4%

Wednesday 10 February 2021 13:30

0.3%

Wednesday 13 January 2021 13:30

0.4%

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:

		Previous	Latest
Michigan Consumer Sentiment Index	Bullish change	61.3	69.4
UoM 5-year Consumer Inflation Expectation	Bearish change	3.2%	2.8%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.4%
Average Hourly Earnings (YoY)	(no change)	4%	4%
Labor Force Participation Rate	Bullish change	62.7%	62.8%
Nonfarm Payrolls	Bullish change	150K	199K
U6 Underemployment Rate	Bullish change	7.2%	7%
Unemployment Rate	Bullish change	3.9%	3.7%
Initial Jobless Claims	Bearish change	218K	220K
Challenger Job Cuts	Bullish change	36.836K	45.51K
Nonfarm Productivity	Bullish change	4.7%	5.2%
Unit Labor Costs	Bearish change	-0.8%	-1.2%
ADP Employment Change	Bearish change	106K	103K
ISM Services Employment Index	Bullish change	50.2	50.7
ISM Services New Orders Index	(no change)	55.5	55.5
ISM Services PMI	Bullish change	51.8	52.7
ISM Services Prices Paid	Bearish change	58.6	58.3
JOLTS Job Openings	Bearish change	9.35M	8.733M
S&P Global Composite PMI	(no change)	50.7	50.7
Factory Orders (MoM)	Bearish change	2.3%	-3.6%
ISM Manufacturing Employment Index	Bearish change	46.8	45.8
ISM Manufacturing New Orders Index	Bullish change	45.5	48.3
ISM Manufacturing PMI	(no change)	46.7	46.7
ISM Manufacturing Prices Paid	Bullish change	45.1	49.9
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%

About Consumer Price Index (MoM)

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

Related events

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	China		Consumer Price Index (YoY)
	Germany		Harmonized Index of Consumer Prices (YoY)
	New Zealand		Consumer Price Index (YoY)
	United Kingdom		Consumer Price Index (YoY)
	United States		Consumer Price Index ex Food & Energy (MoM)
	United States		Consumer Price Index ex Food & Energy (YoY)
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	Australia		Consumer Inflation Expectations
	Canada		BoC Consumer Price Index Core (MoM)
	Canada		Consumer Price Index (MoM)
	Canada		Consumer Price Index (YoY)
	Canada		Consumer Price Index - Core (MoM)
	China		Consumer Price Index (MoM)
	China		Producer Price Index (YoY)
	Germany		Producer Price Index (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (MoM)
	Eurozone		Harmonized Index of Consumer Prices (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (YoY)
	Japan		National CPI ex-Fresh Food (YoY)
	Japan		Tokyo Consumer Price Index (YoY)
	Japan		National CPI ex Food, Energy (YoY)
	Japan		Tokyo CPI ex Food, Energy (YoY)
	Japan		National Consumer Price Index (YoY)
	Japan		Tokyo CPI ex Fresh Food (YoY)
	New Zealand		RBNZ Inflation Expectations (QoQ)
	New Zealand		Consumer Price Index (QoQ)
	United Kingdom		Core Consumer Price Index (YoY)
	United Kingdom		Retail Price Index (MoM)
	United Kingdom		Retail Price Index (YoY)
	United Kingdom		PPI Core Output (YoY) n.s.a
	United Kingdom		Consumer Price Index (MoM)
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	United States		Housing Price Index (MoM)
	United States		ISM Manufacturing Prices Paid
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	United States		Core Personal Consumption Expenditures - Price Index (MoM)
	United States		Consumer Price Index (YoY)
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Calendar - Consumer Price Index (MoM) - United States

Consumer Price Index (MoM)

Most recent - Tuesday 14 November 2023 13:30

Next event - Tuesday 12 December 2023 13:30

Trading range

Trading range after each Consumer Price Index (MoM) event

Forecast history

Past events

Economic context

About Consumer Price Index (MoM)

Related events