CPI MoM US
Could the Jump in June\\\'s Core CPI be Attributed to Crude Oil?
Starts Tuesday, August 13, 2019 at 12:30
Updated Tuesday, August 13, 2019
Inflation has been holding steady for several months in the US, but it has started to fluctuate in recent months. It has been coming at around 0.2% on average on a monthly basis, but in November, CPI inflation fell flat at 0.0% as the report released in December showed. The report for December came at -0.1% as expected. In January the CPI came flat while for February it increased by 0.2%. Core inflation has been holding steady for several months at 0.2%, but in February it softened to 0.1% and held steady there until June. In March headline inflation jumped by 0.4% and it grew by 0.3% in April. Although we saw a cool off to just 0.1% from both core and headline CPI in May. Last month's report showed that headline CPI remained at 0.1% for June, but core CPI, which is more important, jumped 0.3% higher. Oil prices increased in June, so perhaps that was the reason, but let's see July's numbers today. Please follow us for live coverage of this event by experienced market analysts.
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About CPI MoM US
Released by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) is a key inflationary metric. It is derived by comparing the change in prices of a collective basket of goods and services.CPI (MoM) is publicly disseminated on a monthly basis. The purchasing power of the USD is directly addressed, as are consumer trends. A higher than expected CPI (MoM) value illustrates growing inflation and is viewed as being a bullish indicator facing the USD. Lagging CPI (MoM) statistics indicate stagnant economic performance and are viewed as bearish toward the USD.