US consumer prices rose 0.6 percent from a month earlier in June 2020, slightly beating market consensus of a 0.5 percent gain. It is the first increase in four months and the strongest since August of 2012, as the country reopened from a coronavirus-induced lockdown. Energy prices were up for the first time this year, boosted by a 12.3 percent rebound in gasoline prices, and food prices advanced at a solid rate as food at home costs continued to rise.
Inflation Rate Mom in the United States averaged 0.28 percent from 1950 until 2020, 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. This page provides - United States Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Inflation Rate Mom in the United States is expected to be 0.40 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 0.60 percent in 2021 and 0.70 percent in 2022, according to our econometric models.