Consumer prices in the United States went up 0.3 percent month-over-month in October of 2018, higher than 0.1 percent in September and in line with forecasts. An increase in the gasoline index was responsible for over one-third of the increase; advances in the indexes for shelter, used cars and trucks, and electricity also contributed. The increases in the gasoline and electricity indexes led to a 2.4 percent rise in the energy index. The food index, in contrast, declined slightly in October. Excluding food and energy, core consumer prices edged up 0.2 percent, following a 0.1 percent gain in September and matching forecasts. Along with the indexes for shelter and for used cars and trucks, the indexes for medical care, household furnishings and operations, motor vehicle insurance, and tobacco all increased in October. The indexes for communication, new vehicles, and recreation all declined. Inflation Rate Mom in the United States averaged 0.29 percent from 1950 until 2018, 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.
Inflation Rate Mom in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in the United States to stand at 0.10 in 12 months time. In the long-term, the United States Inflation Rate MoM is projected to trend around 0.10 percent in 2020, according to our econometric models.