Consumer prices in the US edged down 0.1 percent month-over-month in December of 2018, following a flat reading in November and matching market expectations. It is the first monthly decline in consumer prices in nine months, as the gasoline index fell 7.5 percent. This decline more than offset increases in several indexes including shelter, food, and other energy components. The energy index went down 3.5 percent, as the gasoline and fuel oil indexes decreased, but the indexes for natural gas and for electricity increased. The food index went up 0.4 percent in December. Along with the index for shelter, the indexes for recreation, medical care, and household furnishings and operations all increased in December, while the indexes for airline fares, used cars and trucks, and motor vehicle insurance all declined. Inflation Rate Mom in the United States averaged 0.29 percent from 1950 until 2018, 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.