Consumer prices in the US jumped 1% month-over-month in May of 2022, much higher than forecasts of 0.7%, amid a broad-based increase in cost, although the indexes for shelter (0.6%, the largest monthly increase since March 2004), gasoline (4.1%), and food (1.2%) made the largest contributions. source: U.S. Bureau of Labor Statistics
Inflation Rate Mom in the United States averaged 0.29 percent from 1950 until 2022, reaching an all time high of 1.80 percent in February of 1951 and a record low of -1.80 percent in November of 2008. This page provides - United States Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Inflation Rate Mom in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Inflation Rate MoM is projected to trend around 0.30 percent in 2023, according to our econometric models.