Introduction
The Consumer Price Index (CPI) measures the average change over time in prices paid by urban consumers for a market basket of consumer goods and services. It is a key indicator of inflation. Understanding the calculation of CPI MoM is crucial for assessing the economic environment.
Today’s given signal : https://t.me/calendarsignal/10188
Market Basket Selection
The CPI is calculated using a market basket that represents the spending habits of the average urban consumer. The selection of items in the basket is based on consumer expenditure surveys to reflect current consumption patterns. It includes a wide range of goods and services.
Calculation of MoM Change
The month-over-month (MoM) change in the Consumer Price Index (CPI) is a crucial economic indicator that measures the percentage change in the index from one month to the next. This metric is calculated by comparing the CPI for the current month with the CPI for the previous month and expressing the difference as a percentage.
The MoM change in the CPI provides valuable insights into inflationary trends and helps policymakers and economists gauge the overall health of the economy. By analysing this data, experts can identify patterns and fluctuations in prices, which can have significant implications for businesses, consumers, and investors. Understanding the MoM change in the CPI allows for better decision-making and enables individuals and organizations to adapt their strategies accordingly.
Previous released data results :
On last CPI data (12-12-2023) we predict to BUY XAUUSD as for surprising CPI Data GOLD price was raised.
Check the previous blog : https://blog.forextrade1.co/cpi-the-bureau-of-labor-statistics-in-the-united-states/
Check last given signal : https://t.me/calendarsignal/9963
Performance :
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