Consumer prices in the United States went up 0.2 percent month-over-month in February of 2019 after a flat reading in January, matching forecasts. It is the first monthly rise in the CPI, due to prices of food, gasoline and rents. The food index rose 0.4 percent, its largest monthly increase since May 2014, as both the food at home and food away from home indexes increased. The gasoline index rose 1.5 percent, following three consecutive monthly declines, resulting in the energy index rising 0.4 percent despite declines in the electricity and natural gas indexes. The index for all items less food and energy increased 0.1 percent in February after rising 0.2 percent in January, matching market expectations. Along with the shelter index, the indexes or personal care, apparel, and education all increased. The indexes for recreation, medical care, used cars and trucks, and new vehicles all declined in February. Inflation Rate Mom in the United States averaged 0.29 percent from 1950 until 2019, 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 0.20 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 0.20 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.