Consumer prices in the US increased 0.3% month-over-month in April 2024, slightly less than 0.4% in each of the previous two months, and below forecasts of 0.4%. The index for shelter rose 0.4% and gasoline prices jumped 2.8%. Combined, these two indexes contributed over 70% of the monthly increase in the CPI. Meanwhile, food prices were flat while increases were seen for motor vehicle insurance (1.8%), medical care (0.4%), apparel (1.2%). On the other hand, prices fell for used cars and trucks (-1.4%), household furnishings and operations (-0.5%), and new vehicles (-0.4%). source: U.S. Bureau of Labor Statistics

The Consumer Price Index in the United States increased 0.30 percent in April of 2024 over the previous month. Inflation Rate MoM in the United States averaged 0.29 percent from 1947 until 2024, reaching an all time high of 2.00 percent in September of 1947 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 May of 2024.

The Consumer Price Index in the United States increased 0.30 percent in April of 2024 over the previous month. 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. In the long-term, the United States Inflation Rate MoM is projected to trend around 0.20 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-10 12:30 PM
Inflation Rate MoM
Mar 0.4% 0.4% 0.3% 0.3%
2024-05-15 12:30 PM
Inflation Rate MoM
Apr 0.3% 0.4% 0.4% 0.3%
2024-06-12 12:30 PM
Inflation Rate MoM
May


Related Last Previous Unit Reference
CPI 313.55 312.33 points Apr 2024
Core Consumer Prices 317.62 316.70 points Apr 2024
Core Inflation Rate YoY 3.60 3.80 percent Apr 2024
CPI Core Core YoY 2.60 2.60 percent Apr 2024
CPI Housing Utilities 331.69 331.25 points Apr 2024
CPI s.a 313.21 312.23 points Apr 2024
CPI Transportation 276.69 272.49 points Apr 2024
Export Prices 149.00 148.60 points Mar 2024
Food Inflation 2.20 2.20 percent Apr 2024
Import Prices 141.80 140.50 points Apr 2024
Inflation Rate YoY 3.40 3.50 percent Apr 2024
Inflation Rate MoM 0.30 0.40 percent Apr 2024
PPI 144.06 143.32 points Apr 2024
PPI YoY 2.20 1.80 percent Apr 2024

United States Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 2.00 -1.80 1947 - 2024 percent Monthly
SA


News Stream
US CPI Rises Less than Expected in April
Consumer prices in the US increased 0.3% month-over-month in April 2024, slightly less than 0.4% in each of the previous two months, and below forecasts of 0.4%. The index for shelter rose 0.4% and gasoline prices jumped 2.8%. Combined, these two indexes contributed over 70% of the monthly increase in the CPI. Meanwhile, food prices were flat while increases were seen for motor vehicle insurance (1.8%), medical care (0.4%), apparel (1.2%). On the other hand, prices fell for used cars and trucks (-1.4%), household furnishings and operations (-0.5%), and new vehicles (-0.4%).
2024-05-15
US CPI Rises More than Forecast
The Consumer Price Index in the United States increased 0.4% month-over-month in March 2024, the same as in February and above market expectations of 0.3%. Prices for shelter (0.4%) and gasoline (1.7%) contributed over 50% of the increase. Meanwhile, energy prices rose 1.1% and food cost went up 0.1%, particularly food away from home (0.3%). Excluding food and energy, core consumer prices rose 0.4%, the same as in February and higher than forecasts of 0.3%, with cost for shelter, motor vehicle insurance, medical care, apparel, and personal care weighing.
2024-04-10
US CPI Rises the Most in 5 Months
The Consumer Price Index in the United States increased 0.4% month-over-month in February 2024, the most in five months, compared to 0.3% in January and matching forecasts. Prices for shelter (0.4%) and gasoline (3.8%) contributed over 60% of the increase. Meanwhile, food prices were unchanged. Excluding food and energy, core consumer prices also rose 0.4%, the same as in January and higher than forecasts of 0.3%, with cost for airline fares (3.6%), motor vehicle insurance (0.9%), apparel (0.6%), and recreation also weighing.
2024-03-12