Core Inflation MoM by Country
Latest released Core Inflation MoM value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/core_inflation_mom. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Eurozone
EUR · Euro
|
2.3
01 Dec 2025
|
2.4
01 Nov 2025
|
▼ -0.1 | 01 Dec 2025 | Monthly | %MoM | ECB/Eurostat |
|
United States
USD · US Dollar
|
0.2
31 Mar 2026
|
0.2
28 Feb 2026
|
● 0 | 31 Mar 2026 | Monthly | %MoM | FRED (BEA/BLS/Fed) |
What is Core Inflation MoM?
Core inflation month-over-month strips food and energy from the sequential CPI change to expose the underlying inflation pulse. It is the cleanest single-month inflation signal for monetary-policy purposes.
Why it matters for FX
Central banks set policy off the underlying trend, not the noisy headline. A series of soft core MoM prints gives the central bank confidence to cut; a string of hot prints keeps rates higher for longer. The currency follows that reaction function.
How to read this page
Annualise the monthly figure and compare to the 2 percent target. Look at services-vs-goods split: in advanced economies since 2023 the divergence (sticky services, falling goods) has been the dominant inflation story.
What to watch for
- Three- and six-month annualised core MoM
- Services ex shelter (supercore) for wage feedthrough
- Goods deflation rolling off the base
- Owners' equivalent rent lag
- Cross-check with PCE core MoM