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 - Thursday 11 July 2024 12:30

Previous
0%
Revised
-
Forecast
0.1%
Actual
-0.1%

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

Trading range

Forecast history

The most recent announced value for Consumer Price Index (MoM) was -0.1% against a forecast of 0.1%.

Past events

Date
Forecast
Actual
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%
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%

Economic context

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

PreviousLatest
Michigan Consumer Sentiment IndexBearish change68.266
UoM 5-year Consumer Inflation ExpectationBearish change3%2.9%
Producer Price Index ex Food & Energy (MoM)Bullish change0.3%0.4%
Producer Price Index (MoM)Bullish change0%0.2%
Producer Price Index (YoY)Bullish change2.4%2.6%
Producer Price Index ex Food & Energy (YoY)Bullish change2.6%3%
Monthly Budget StatementBullish change$-347B$-66B
Consumer Price Index (YoY)Bearish change3.3%3%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0.1%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.4%3.3%
Initial Jobless ClaimsBullish change239K222K
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation RateBullish change62.5%62.6%
Nonfarm PayrollsBearish change218K206K
U6 Underemployment Rate(no change)7.4%7.4%
Unemployment RateBearish change4%4.1%
Factory Orders (MoM)Bearish change0.4%-0.5%
ISM Services Employment IndexBearish change47.146.1
ISM Services New Orders IndexBearish change54.147.3
ISM Services PMIBearish change53.848.8
ISM Services Prices PaidBearish change58.156.3
S&P Global Composite PMIBullish change54.654.8
Initial Jobless ClaimsBearish change233K238K
ADP Employment ChangeBearish change157K150K
Challenger Job CutsBearish change63.816K48.786K
JOLTS Job OpeningsBullish change7.919M8.14M
ISM Manufacturing Employment IndexBearish change51.149.3
ISM Manufacturing New Orders IndexBullish change45.449.3
ISM Manufacturing PMIBearish change48.748.5
ISM Manufacturing Prices PaidBearish change5752.1

About Consumer Price Index (MoM)

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

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