Inflation Rate MoM measures the change in the rate of inflation on a monthly basis. It is released by the US Bureau of Labor Statistics, and in general higher than expected readings are considered positive for the US Dollar, increasing the odds or further interest rate hikes by the Federal Reserve Bank. Higher readings are however negative for the consumers as they indicated a lower purchasing power to buy the same amount of basket of goods compared to a month before.
The United States Inflation Rate MoM
The United States Inflation Rate MoM latest reading for the month of June 2017 was 0.0%, less than the forecast of an increase of 0.1% while the previous reading was -0.1%. Historically the United States Inflation Rate MoM has an average of 0.29% for the period of years 1950-2017. The all-time high reading was 1.80% in February of 1951, while the all-time low reading was -1.80% in November of 2008. For the 1st semester of 2017, the trend for the Inflation Rate MoM is not a consistent one, representing volatility showing a large increade in January, and a large decrease in March.
