US consumer prices rose 0.3 percent in April 2019, missing market forecast of 0.4 percent and easing from a 0.4 percent gain in March, which was the biggest advance since January 2018. Energy prices continued to increase sharply (2.9 percent vs 3.5 percent) due to gasoline (5.7 percent vs 6.5 percent) and fuel oil (1.3 percent vs 2.1 percent). By contrast, food costs dropped for the first time since June 2017 (-0.1 percent vs 0.3 percent). Excluding food and energy, the indexes for shelter, medical care, education, and new vehicles all rose in April. The indexes for used cars and trucks, apparel, and household furnishings and operations were among those that declined over the month. 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 0.10 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.