US Core CPI m/m
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The Federal Open Market Committee usually pays more attention to the Core data - so do traders;
- US Core CPI m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Oct 10, 2024 | 0.3% | 0.2% | 0.3% |
Sep 11, 2024 | 0.3% | 0.2% | 0.2% |
Aug 14, 2024 | 0.2% | 0.2% | 0.1% |
Jul 11, 2024 | 0.1% | 0.2% | 0.2% |
Jun 12, 2024 | 0.2% | 0.3% | 0.3% |
May 15, 2024 | 0.3% | 0.3% | 0.4% |
Apr 10, 2024 | 0.4% | 0.3% | 0.4% |
Mar 12, 2024 | 0.4% | 0.3% | 0.4% |
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- US Core CPI m/m News
With all the turmoil, excitement, and even apprehension surrounding key developments of late it might be welcome that this week is likely to be a little more boring at least in terms of calendar-based macro risks. It’s hard not for it to be so when compared to recent developments including the US election, decisions by multiple central banks, significant macro data risk, earnings season, geopolitical developments and the resulting market volatility. The week’s main focal points will include a US inflation update, the possibility we ...
Hotter than expected CPI (as food costs reignite) and ugly jobless claims data (somewhat affected by Hurricane Helene) signal stagflationary pressures may be returning... chart ...sparked some initial chaos across asset classes, pushing rate-cut expectations lower (hawkish) for 2024 but higher (dovish) for 2025... chart Stocks ended lower (with Small Caps the biggest loser) despite a late-day panic-bid into the close... chart NVDA is holding it all together... chart As VIX increased (now dramatically decoupled from stocks) ...
The September US consumer price inflation data is hotter than predicted by a tenth of a percentage point for both headline and core (0.2% and 0.3% month-on-month respectively). This is the second consecutive 0.3% MoM print for core inflation, which as the chart below shows is not a great look. We need to average 0.17% MoM over 12 months to deliver 2% year-on-year inflation and the US economy is tracking higher than that right now – the black line marks 0.17%. The details show that energy prices did fall as expected, but food was much ...
U.S. inflation last month reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index rose 2.4% in September from 12 months earlier, slightly higher than the 2.3% expected, but lower than the 2.5% year-over-year increase in August, according to economists surveyed by FactSet, a data provider. A reading that low, likely reflecting lower gas prices and ...
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in August and July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for shelter rose 0.2 percent in September, and the index for food increased 0.4 percent. Together, these two indexes contributed over 75 percent of the monthly all items increase. The food at home index increased 0.4 percent in ...
September's Consumer Price Index (CPI) will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision. The report, set for release at 8:30 a.m. ET on Thursday, is expected to show headline inflation of 2.3%, a deceleration from August's 2.5% annual gain in prices, which marked the lowest annual rate since early 2021. Over the prior month, consumer prices are expected to have risen 0.1%, down from the 0.2% increase seen in August. On a "core" basis, which strips ...
The headline CPI has been on the right path towards aiming for the Fed's inflation target of 2%. That said, the core is struggling to budge. Let's dig in.
US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s shifting more of its policy focus toward shielding the labor market. The consumer price index is seen rising 0.1% in September, its smallest gain in three months. Compared with a year earlier, the CPI probably rose 2.3%, the sixth-straight slowdown and the tamest since early 2021. The Bureau of Labor Statistics will issue its CPI report on Thursday. The gauge excluding the volatile food and energy categories, which provides a better ...
Upcoming release on Nov 13, 2024 |
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Released on Oct 10, 2024 |
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- Details