The Month-over-Month (MoM) Inflation Rate measures the percentage change in the price level of a basket of consumer goods and services from one month to the next. It provides a high-frequency view of price stability and is a key metric used by central banks to adjust monetary policy. This indicator is essential for understanding short-term shifts in consumer purchasing power and cost-of-living adjustments.
The rate is calculated by comparing the Consumer Price Index (CPI) of the current month to the CPI of the previous month. The formula used is: [(Current Month CPI - Previous Month CPI) / Previous Month CPI] * 100.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Dec 7, 2023 | -0.25 | -0.30 | +0.05 |
