US consumer prices gained 0.1 percent from a month earlier in June 2019, the same pace as in May and below expectations of 0.2 percent. The food index was unchanged while the energy index fell 2.3 percent. Additional upward pressure came from shelter, used cars and trucks, and apparel, the indexes for household furnishings and operations, medical care, and motor vehicle insurance; while declines were seen in recreation, airline fares, and personal care. Core consumer prices increased 0.3 percent, the largest increase since January 2018 and also above forecasts of 0.2 percent. Inflation Rate Mom in the United States averaged 0.28 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 0.50 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.