CPI MoM US - Economic Calendar - FX Leaders FX Leaders


Event Date: Thursday, January 12, 2023
Event Time: 13:30 CET

Inflation to Fall to 6.5% but Core CPI to Increase by 0.3%

Updated Thursday, January 12, 2023
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. The report released last month showed a strong increase by 0.3% in both core and headline CPI in July, but they cooled off to 0.1% and 0.0% respectively for September. But in October, we saw a jump of 0.4% in headline CPI, while in November CPI increased by 0.3%. Core CPI has remained at 0.2% in the last few months. In December, inflation cooled off further, with core CPI at 0.1% and headline CPI at 0.2%. In January, they switched places and in February CPI remained at 0.1%, but in March inflation fell by 0.4% as coronavirus hit the country, while in April it declined further by 0.8%. May was negative again at -0.1%.  But, it turned positive in June at last, increasing by 0.6%, while for July both headline CPI and core CPI increased by 0.6%, but they cooled off to 0.4% in August and again to 0.2% in September. Both core and headline CPI fell flat at 0.0% in October, but increased by 0.2% in November. By November 2021, headline CPI  increased to 6.8% while in December it increased further to 7.2%. In January, CPI reached 9.1% and in June. It has cooled off since then and it is expected to fall further to 6.5% in December after falling to 7.3% in November. 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.
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