Core CPI (MoM) US
The monthly Consumer Price Index (CPI)(MoM) is a key inflationary metric released by the U.S. Department of Labor Statistics. It measures the average change in price for a fixed basket of goods and services over a given period of time. Core CPI excludes the pricing of volatile items such as Food and Energy.Core CPI is viewed as the most accurate representation of inflationary pressures facing the U.S. economy. As a result, it serves as an important resource for the crafting of monetary policy by the U.S. Federal Reserve (FED). High readings are often precursors for the tightening of monetary policy, while low numbers encourage a dovish stance toward the USD.