Consumer Price Index ex Food & Energy (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
0.3%
Actual
0.2%

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 ex Food & Energy (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index ex Food & Energy (MoM) was 0.2% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Wednesday 12 June 2024 12:30
0.3%
0.2%
Wednesday 15 May 2024 12:30
0.3%
0.3%
Wednesday 10 April 2024 12:30
0.3%
0.4%
Tuesday 12 March 2024 12:30
0.3%
0.4%
Tuesday 13 February 2024 13:30
0.3%
0.4%
Thursday 11 January 2024 13:30
0.3%
0.3%
Tuesday 12 December 2023 13:30
0.3%
0.3%
Tuesday 14 November 2023 13:30
0.3%
0.2%
Thursday 12 October 2023 12:30
0.3%
0.3%
Wednesday 13 September 2023 12:30
0.2%
0.3%
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
0.4%
0.4%
Wednesday 10 May 2023 12:30
0.4%
0.4%
Wednesday 12 April 2023 12:30
0.4%
0.4%
Tuesday 14 March 2023 12:30
0.4%
0.5%
Tuesday 14 February 2023 13:30
0.4%
0.4%
Thursday 12 January 2023 13:30
0.3%
0.3%
Tuesday 13 December 2022 13:30
0.3%
0.2%
Thursday 10 November 2022 13:30
0.5%
0.3%
Thursday 13 October 2022 12:30
0.5%
0.6%
Tuesday 13 September 2022 12:30
0.3%
0.6%
Wednesday 10 August 2022 12:30
0.5%
0.3%
Wednesday 13 July 2022 12:30
0.6%
0.7%
Friday 10 June 2022 12:30
0.5%
0.6%
Wednesday 11 May 2022 12:30
0.4%
0.6%
Tuesday 12 April 2022 12:30
0.5%
0.3%
Thursday 10 March 2022 13:30
0.5%
0.5%
Thursday 10 February 2022 13:30
0.5%
0.6%
Wednesday 12 January 2022 13:30
0.5%
0.6%
Friday 10 December 2021 13:30
0.5%
0.5%
Wednesday 10 November 2021 13:30
0.4%
0.6%
Wednesday 13 October 2021 12:30
0.2%
0.2%
Tuesday 14 September 2021 12:30
0.3%
0.1%
Wednesday 11 August 2021 12:30
0.4%
0.3%
Tuesday 13 July 2021 12:30
0.4%
0.9%

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 ex Food & Energy (MoM) result:

PreviousLatest
Pending Home Sales (MoM)Bullish change-7.7%-2.1%
Core Personal Consumption Expenditures (QoQ)Bullish change3.6%3.7%
Durable Goods OrdersBearish change0.6%0.1%
Durable Goods Orders ex DefenseBearish change0%-0.2%
Durable Goods Orders ex TransportationBearish change0.4%-0.1%
Gross Domestic Product AnnualizedBullish change1.3%1.4%
Gross Domestic Product Price Index(no change)3.1%3.1%
Initial Jobless ClaimsBullish change238K233K
Nondefense Capital Goods Orders ex AircraftBearish change0.2%-0.6%
Personal Consumption Expenditures Prices (QoQ)Bullish change3.3%3.4%
New Home Sales Change (MoM)Bearish change2%-11.3%
Housing Price Index (MoM)Bullish change0%0.2%
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%

About Consumer Price Index ex Food & Energy (MoM)

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

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