United States Core Consumer Price Index (CPI) MoM (2024)

FAQs

What is the current CPI MoM? ›

US Consumer Price Index MoM is at 0.01%, compared to 0.31% last month and 0.11% last year. This is lower than the long term average of 0.29%.

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy.

Basic Info. US Core Consumer Price Index MoM is at 0.16%, compared to 0.29% last month and 0.36% last year. This is lower than the long term average of 0.30%.

US Core Inflation Rate is at 3.42%, compared to 3.61% last month and 5.33% last year. This is lower than the long term average of 3.68%.

Key Points. CPI measures prices at the end user level; PPI measures the prices producers pay at the wholesale level. Headline CPI tracks all prices, but core CPI strips out food and energy prices. The PCE's weighting and source material make it the Federal Reserve's preferred inflation measure.

The Consumer Price Index (CPI) rose 1.0% this quarter. Over the twelve months to the March 2024 quarter, the CPI rose 3.6%.

United States Consumer Price Index (MoM)

Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as The Consumer Price Index (CPI).

Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile.

The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

US Inflation Rate (I:USIR)

US Inflation Rate is at 3.27%, compared to 3.36% last month and 4.05% last year. This is lower than the long term average of 3.28%.

What does the CPI number tell you? ›

The Consumer Price Index (CPI) consists of a family of indexes that measure price change experienced by urban consumers. Specifically, the CPI measures the average change in price over time of a market basket of consumer goods and services. The market basket includes everything from food items to automobiles to rent.

US Consumer Price Index: Food Away From Home is at a current level of 367.10, up from 365.81 last month and up from 352.89 one year ago. This is a change of 0.35% from last month and 4.03% from one year ago.

US Consumer Price Index is at a current level of 313.22, up from 313.21 last month and up from 303.36 one year ago. This is a change of 0.01% from last month and 3.25% from one year ago.

Summary: Core CPI excludes food and energy costs and is a more stable measure of inflation. Tenant and Owners' Equivalent Rent (OER) comprise 40% of core CPI.

Core inflation

For example, food prices can be impacted by short term weather events that are not related to the economy. By removing this category, economists can get a better understanding of long-term inflationary pressures. Energy and food prices are also less price elastic.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.3 percent over the last 12 months to an index level of 314.069 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.

US Consumer Price Index: Medical Care is at a current level of 561.86, up from 559.37 last month and up from 547.46 one year ago. This is a change of 0.45% from last month and 2.63% from one year ago.

Inflation Rate MoM measures month over month change in the price of goods and services.