The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a three-year low of 3.6% in April 2024. down from 3.8% in the prior month, matching market forecasts. The shelter index, accounting for over two thirds of the total 12-month increase in the all items less food and energy index, increased 5.5% in April, down from 5.7% in March. Other indexes with notable increases over the last year include motor vehicle insurance (+22.6 percent), medical care (+2.6 percent), personal care (+3.7 percent), and recreation (+1.5 percent). Monthly, core consumer prices rose by 0.3% in April, slowing from 0.4% increases in March and February, and in line with market expectations. source: U.S. Bureau of Labor Statistics

Core consumer prices in the United States increased 3.60 percent in April of 2024 over the same month in the previous year. Core Inflation Rate in the United States averaged 3.63 percent from 1957 until 2024, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0.00 percent in May of 1957. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.

Core consumer prices in the United States increased 3.60 percent in April of 2024 over the same month in the previous year. Core Inflation Rate in the United States is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Inflation Rate is projected to trend around 2.60 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-10 12:30 PM
Core Inflation Rate YoY
Mar 3.8% 3.8% 3.7% 3.7%
2024-05-15 12:30 PM
Core Inflation Rate YoY
Apr 3.6% 3.8% 3.6% 3.7%
2024-06-12 12:30 PM
Core Inflation Rate YoY
May 3.6%


Related Last Previous Unit Reference
CPI 313.55 312.33 points Apr 2024
Core Consumer Prices 317.62 316.70 points Apr 2024
Core Inflation Rate YoY 3.60 3.80 percent Apr 2024
Core Inflation Rate MoM 0.30 0.40 percent Apr 2024
CPI Core Core YoY 2.60 2.60 percent Apr 2024
CPI Housing Utilities 331.69 331.25 points Apr 2024
CPI s.a 313.21 312.23 points Apr 2024
CPI Transportation 276.69 272.49 points Apr 2024
Export Prices 149.00 148.60 points Mar 2024
Export Prices MoM 0.50 0.10 percent Apr 2024
Export Prices YoY -1.00 -1.60 percent Apr 2024
Food Inflation 2.20 2.20 percent Apr 2024
Import Prices 141.80 140.50 points Apr 2024
Import Prices MoM 0.90 0.60 percent Apr 2024
Import Prices YoY 1.10 0.40 percent Apr 2024
Inflation Rate YoY 3.40 3.50 percent Apr 2024
Inflation Rate MoM 0.30 0.40 percent Apr 2024
PPI MoM 0.50 -0.10 percent Apr 2024
PPI 144.06 143.32 points Apr 2024
PPI YoY 2.20 1.80 percent Apr 2024

United States Core Inflation Rate
In the United States, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.80 13.60 0.00 1957 - 2024 percent Monthly
1982-1984=100, NSA


News Stream
US Annual Core Inflation Cools as Forecast
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a three-year low of 3.6% in April 2024. down from 3.8% in the prior month, matching market forecasts. The shelter index, accounting for over two thirds of the total 12-month increase in the all items less food and energy index, increased 5.5% in April, down from 5.7% in March. Other indexes with notable increases over the last year include motor vehicle insurance (+22.6 percent), medical care (+2.6 percent), personal care (+3.7 percent), and recreation (+1.5 percent). Monthly, core consumer prices rose by 0.3% in April, slowing from 0.4% increases in March and February, and in line with market expectations.
2024-05-15
US Annual Core Inflation Above Forecasts
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, stood at a near three-year low of 3.8% in March 2024, matching February's reading and slightly above market forecasts of 3.7%. The shelter index increased 5.7%, accounting for over sixty percent of the total 12-month increase in all items less food and energy index, the same rate as in February. Other indexes with notable increases over the last year include motor vehicle insurance (+22.2%), medical care (+2.2%), recreation (+1.8%), and personal care (+4.2%). Monthly, core consumer prices rose by 0.4% in March, the same as in the previous two months and above market expectations of 0.3%.
2024-04-10
US Annual Core Inflation Rate Slightly Above Forecasts
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a near three-year low of 3.8% in February 2024, down slightly from 3.9% in January but above market forecasts of 3.7%. The shelter index, accounting for roughly two thirds of the total 12-month increase in the all items less food and energy index, increased by 5.7% in February, slowing from a 6% rise in the prior month. Prices also softened for recreation (+2.1% vs +2.8%) and personal care (+4.2% vs +5.3%), but continued to rise significantly for motor vehicle insurance (+20.6%, as in January) and medical care (+1.4% vs +1.1%). Monthly, core consumer prices rose by 0.4% in February, the same as in the previous month and above market expectations of 0.3%.
2024-03-12