The US core inflation rate, excluding volatile food and fuel costs, eased for the second month to 2.5% in July 2026, the lowest in five months, matching market forecasts. The heavyweight shelter index increased by 3.2% over the last year, down from 3.3% in June. Other indexes with slower price increases include airline fares (+25.5% vs 26.5%), medical care (+1.7% vs 2%), recreation (+2.6% vs 2.8%), and household furnishings and operations (+2.2% vs 2.5%). On a monthly basis, core consumer prices rose by 0.2% in July, after being flat in the prior month and in line with market expectations. source: U.S. Bureau of Labor Statistics

Core consumer prices in the United States increased 2.50 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in the United States averaged 3.61 percent from 1957 until 2026, 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 August of 2026.

Core consumer prices in the United States increased 2.50 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in the United States is expected to be 2.80 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 2.40 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-14 12:30 PM
Core Inflation Rate YoY
Jun 2.6% 2.9% 2.8% 2.9%
2026-08-12 12:30 PM
Core Inflation Rate YoY
Jul 2.5% 2.6% 2.5% 2.5%
2026-09-11 12:30 PM
Core Inflation Rate YoY
Aug 2.5%


Related Last Previous Unit Reference
CPI 333.92 333.95 points Jul 2026
Core Consumer Prices 337.13 336.07 points Jul 2026
Core Inflation Rate YoY 2.50 2.60 percent Jul 2026
Core Inflation Rate MoM 0.20 0.00 percent Jul 2026
CPI Core Core YoY 2.20 2.30 percent Jul 2026
CPI Housing Utilities 359.56 359.19 points Jul 2026
CPI s.a 332.81 332.57 points Jul 2026
CPI Transportation 289.42 291.23 points Jul 2026
Export Prices 167.80 168.80 points Jun 2026
Export Prices MoM -0.60 1.20 percent Jun 2026
Export Prices YoY 10.20 11.30 percent Jun 2026
Food Inflation 3.00 3.00 percent Jul 2026
Import Prices 150.80 150.30 points Jun 2026
Import Prices MoM 0.30 1.70 percent Jun 2026
Import Prices YoY 7.10 6.70 percent Jun 2026
Inflation Rate YoY 3.40 3.50 percent Jul 2026
Inflation Rate MoM 0.10 -0.40 percent Jul 2026
PPI MoM 0.00 -0.10 percent Jul 2026
PPI 156.56 156.61 points Jul 2026
PPI YoY 4.70 5.50 percent Jul 2026


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
2.50 2.60 13.60 0.00 1957 - 2026 percent Monthly
1982-1984=100, NSA

News Stream
US Core Inflation Matches Forecasts at 2.5%
The US core inflation rate, excluding volatile food and fuel costs, eased for the second month to 2.5% in July 2026, the lowest in five months, matching market forecasts. The heavyweight shelter index increased by 3.2% over the last year, down from 3.3% in June. Other indexes with slower price increases include airline fares (+25.5% vs 26.5%), medical care (+1.7% vs 2%), recreation (+2.6% vs 2.8%), and household furnishings and operations (+2.2% vs 2.5%). On a monthly basis, core consumer prices rose by 0.2% in July, after being flat in the prior month and in line with market expectations.
2026-08-12
US Core Inflation Rate Below Forecasts
The US core inflation rate, excluding volatile food and fuel costs, fell to 2.6% in June 2026 from a seven-month high of 2.9% in May and below the expected 2.8%. The slowdown was driven by a modest easing in shelter costs (3.3% vs 3.4% in May) and softer price increases for other categories including airline fares (26.5% vs 27%), apparel (3.9% vs 4.8%); medical care (2% vs 2.6%) and household furnishings and operations (2.5% vs 3%). Month-over-month, core consumer prices were flat, after a 0.2% increase in May and undershooting market estimates of a 0.2% rise.
2026-07-14
US Core Inflation Hits Seven-Month High
The US core inflation rate, excluding volatile food and fuel costs, climbed to 2.9% year-over-year in May 2026, matching market forecasts and reaching its highest level since September 2025. Key drivers included shelter (+3.4%), transportation services (+4.1%), medical care services (+3.6%), and apparel (+4.8%), while used cars and trucks (-2.0%) and medical care commodities (-1.8%) declined. Month-over-month, core consumer prices rose 0.2% in May, following a 0.4% increase in April, slightly below expectations of 0.3%.
2026-06-10