Consumer Price Index (MoM) - United States - 2024 Calendar Forecast (2024)

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Consumer Price Index (MoM) - United States - 2024 Calendar Forecast (2024)

FAQs

What is the projected CPI rate for 2024? ›

On the basis of these inflation forecasts, average consumer price inflation should be 3.1% in 2024 and 2.0% in 2025, compared to 4.06% in 2023 and 9.59% in 2022.

What is the current CPI MoM? ›

Basic Info. 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%.

What is the CPI rate right now? ›

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.

What is the CPI rate for January 2024? ›

The detailed inflation figures for the year to January 2024 are as follows: CPI inflation was 4.0% in January 2024 (Index: 131.5), unchanged from the December 2023 figure.

What is the CPI increase for April 2024? ›

On a monthly basis, CPIH rose by 0.5% in April 2024, compared with a rise of 1.2% in April 2023. The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, down from 3.2% in the 12 months to March. On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in April 2023.

What is the CPI for the month of March 2024? ›

CPI for the months of January, February and March 2024 are 5.10, 5.09 and 4.85 respectively.

What is the core inflation rate for MoM? ›

Core Inflation Rate MoM in the United States decreased to 0.20 percent in May from 0.30 percent in April of 2024. Core Inflation Rate MoM in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

What is the CPI forecast for the US? ›

In the long-term, the United States Consumer Price Index (CPI) is projected to trend around 321.33 points in 2025 and 329.04 points in 2026, according to our econometric models. In the United States, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

What rate is CPI now? ›

The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to May 2024, down from 2.3% in the 12 months to April.

What is the next CPI release? ›

Next Release

June 2024 CPI data are scheduled to be released on July 11, 2024, at 8:30 A.M. Eastern Time.

What is the CPI expectations for May? ›

Core CPI increased by 3.4% year over year vs. 3.5% expected in May.

What is the CPI in May 2024? ›

The Consumer Price Index (CPI) remained unchanged in May on a seasonally-adjusted basis, following a 0.3% increase in April, as reported by the U.S. Bureau of Labor Statistics. The core reading, which excludes food and energy, came in at 3.4% year over year, down from last month's 3.6%.

What is the U.S. CPI data for April 2024? ›

The April 2024 Consumer Price Index (CPI) for All Urban Consumers (CPI-U) rose by a softer-than-expected 3.4% year-over-year (YOY). This marks a deceleration from a 3.5% YoY rise in March and the first-time inflation has cooled this year.

What is the CPI rate for 2024? ›

Index reference base 2011–12
Year31 March31 December
2024137.4
2023132.6136.1
2022123.9130.8
2021117.9121.3
36 more rows

What is the consumer spending index in 2024? ›

The total consumer spending in the United States is forecast to amount to US$19.56tn in 2024. The consumer spending per capita on food and non-alcoholic beverages in the United States is forecast to amount to US$3.87k in 2024.

What is the CPI value for February 2024? ›

Consumer Price Index Summary
Seasonally adjusted changes from preceding month
Nov. 2023Feb. 2024
All items0.20.4
Food0.20.0
Food at home0.00.0
19 more rows

What is the core CPI for April 2024? ›

Inflation eased slightly in April, providing some relief for consumers. On a 12-month basis, however, the CPI increased 3.4%, in line with expectations. Core inflation was at 3.6%, the lowest reading ex-food and energy since April 2021.

What is the CPI rate for February 2024? ›

The core CPIH annual inflation rate was 4.8% in February 2024, which was the lowest rate since February 2022. It is down from 5.1% in January 2024 and from a recent high of 6.5% in May 2023, which was the highest rate since November 1991, when it was also 6.5% in the constructed historical series.

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