Economic data › US Core CPI (MoM)

US Core CPI (MoM): what the market did after each print

The month-on-month change in US consumer prices excluding food and energy. Below are the last 4 releases on record, each with the actual against the forecast and the move MoveSurge measured in the minutes that followed.

United States Monthly, 08:30 ET Reported in percent

Sample size: 4 prints on record, Mar 11, 2026 to Sep 11, 2026. A reaction was recorded on 3 of them; measurement of this series starts Jun 10, 2026. Of those, 2 produced a move large enough to show and 1 did not. The remaining 1 carry no reaction we can report.

Every print on record

Release Actual Forecast Previous Result What moved
Sep 11, 20268:30 AM ET 0.3% 0.2% 0.2% Miss No measurable move
Jul 14, 20268:30 AM ET 0.0% 0.2% 0.2% Beat Nasdaq 100 fut (NQ) +0.58% EUR/USD +0.28% USD/JPY -0.24% Measured over 15 minutes from the print
Jun 10, 20268:30 AM ET 0.2% 0.3% 0.4% Beat Nasdaq 100 fut (NQ) +0.55% Measured over 15 minutes from the print
Mar 11, 20268:30 AM ET 0.2% 0.2% 0.3% In line No reaction recorded

Split by beat and miss

Only the releases that produced a measured move appear here, each listed on its own. No average is taken across them: with a sample this size an averaged figure would claim a regularity the record cannot support.

After a beat

2 measured of 2 on record
  • Jul 14, 2026 Actual 0.0% vs forecast 0.2% Nasdaq 100 fut (NQ) +0.58% EUR/USD +0.28% USD/JPY -0.24%
  • Jun 10, 2026 Actual 0.2% vs forecast 0.3% Nasdaq 100 fut (NQ) +0.55%

After a miss

0 measured of 1 on record

1 on record, none with a measured move.

After an in-line print

0 measured of 1 on record

1 on record, none with a measured move.

How the move is measured

MoveSurge prices an economic release against its own clock rather than against the close. A reference level is taken just before the print reaches the tape, and the same instruments are sampled again over the window named beside each figure. The percentages above are those samples.

An instrument appears only where the measurement is attributed to this release and the move clears the band MoveSurge uses to call a move worth showing anywhere in the product. A print whose instruments all sat inside that band reads “no measurable move”, which is a measurement rather than a gap — most economic prints land there.

“No reaction recorded” is a different statement: no measurement exists for that print, or the one that exists was not attributed to it. Those prints keep their actual, forecast and previous figures and claim nothing about the market.

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