Consumer Price Index ex Food & Energy (MoM)

The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

Most recent - Wednesday 12 March 2025 12:30

Previous
0.4%
Revised
-
Forecast
0.3%
Actual
0.2%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 10 April 2025 12:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Consumer Price Index ex Food & Energy (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index ex Food & Energy (MoM) was 0.2% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Wednesday 12 March 2025 12:30
0.3%
0.2%
Wednesday 12 February 2025 13:30
0.3%
0.4%
Wednesday 15 January 2025 13:30
0.2%
0.2%
Wednesday 11 December 2024 13:30
0.3%
0.3%
Wednesday 13 November 2024 13:30
0.3%
0.3%
Thursday 10 October 2024 12:30
0.2%
0.3%
Wednesday 11 September 2024 12:30
0.2%
0.3%
Wednesday 14 August 2024 12:30
0.2%
0.2%
Thursday 11 July 2024 12:30
0.2%
0.1%
Wednesday 12 June 2024 12:30
0.3%
0.2%
Wednesday 15 May 2024 12:30
0.3%
0.3%
Wednesday 10 April 2024 12:30
0.3%
0.4%
Tuesday 12 March 2024 12:30
0.3%
0.4%
Tuesday 13 February 2024 13:30
0.3%
0.4%
Thursday 11 January 2024 13:30
0.3%
0.3%
Tuesday 12 December 2023 13:30
0.3%
0.3%
Tuesday 14 November 2023 13:30
0.3%
0.2%
Thursday 12 October 2023 12:30
0.3%
0.3%
Wednesday 13 September 2023 12:30
0.2%
0.3%
Thursday 10 August 2023 12:30
0.2%
0.2%
Wednesday 12 July 2023 12:30
0.3%
0.2%
Tuesday 13 June 2023 12:30
0.4%
0.4%
Wednesday 10 May 2023 12:30
0.4%
0.4%
Wednesday 12 April 2023 12:30
0.4%
0.4%
Tuesday 14 March 2023 12:30
0.4%
0.5%
Tuesday 14 February 2023 13:30
0.4%
0.4%
Thursday 12 January 2023 13:30
0.3%
0.3%
Tuesday 13 December 2022 13:30
0.3%
0.2%
Thursday 10 November 2022 13:30
0.5%
0.3%
Thursday 13 October 2022 12:30
0.5%
0.6%
Tuesday 13 September 2022 12:30
0.3%
0.6%
Wednesday 10 August 2022 12:30
0.5%
0.3%
Wednesday 13 July 2022 12:30
0.6%
0.7%
Friday 10 June 2022 12:30
0.5%
0.6%
Wednesday 11 May 2022 12:30
0.4%
0.6%
Tuesday 12 April 2022 12:30
0.5%
0.3%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index ex Food & Energy (MoM) result:

PreviousLatest
S&P Global Composite PMIBullish change51.653.5
S&P Global Manufacturing PMIBearish change52.749.8
S&P Global Services PMIBullish change5154.3
Existing Home Sales Change (MoM)Bullish change-4.7%4.2%
Initial Jobless ClaimsBearish change220K223K
Philadelphia Fed Manufacturing SurveyBearish change18.112.5
Fed Interest Rate Decision(no change)4.5%4.5%
Interest Rate Projections - 1st yearBearish change3.9%3.4%
Interest Rate Projections - 2nd yearBearish change3.4%3.1%
Interest Rate Projections - CurrentBearish change4.4%3.9%
Interest Rate Projections - Longer(no change)3%3%
Industrial Production (MoM)Bullish change0.3%0.7%
Building Permits (MoM)Bearish change1.473M1.456M
Housing Starts (MoM)Bullish change1.35M1.501M
NY Empire State Manufacturing IndexBearish change5.7-20
Retail Sales (MoM)Bullish change-1.2%0.2%
Retail Sales Control GroupBullish change-1%1%
Retail Sales ex Autos (MoM)Bullish change-0.6%0.3%
Michigan Consumer Sentiment IndexBearish change64.757.9
UoM 5-year Consumer Inflation ExpectationBullish change3.5%3.9%
Initial Jobless ClaimsBullish change222K220K
Producer Price Index (MoM)Bearish change0.6%0%
Producer Price Index (YoY)Bearish change3.7%3.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Monthly Budget StatementBearish change$-129B$-307B
Consumer Price Index (MoM)Bearish change0.5%0.2%
Consumer Price Index (YoY)Bearish change3%2.8%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.3%3.1%
JOLTS Job OpeningsBullish change7.508M7.74M

About Consumer Price Index ex Food & Energy (MoM)

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Inflation
Frequency:Monthly

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