The annual core consumer price inflation rate in the United States, which excludes items such as food and energy, eased to 3.2% in December 2024, down from 3.3% in the previous three months and slightly below market expectations of 3.3%. The shelter index, accounting for over two thirds of the total 12-month increase rose 4.6% over the past year, marking the smallest annual gain since January 2022. Other notable year-over-year increases included motor vehicle insurance (+11.3%), medical care (+2.8%), education (+4.0%), and recreation (+1.1%. On a monthly basis, core consumer prices rose by 0.2% in December, after a 0.3% increase in November and below market estimates of a 0.3% advance. source: U.S. Bureau of Labor Statistics

Core consumer prices in the United States increased 3.20 percent in December 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 January of 2025.

Core consumer prices in the United States increased 3.20 percent in December of 2024 over the same month in the previous year. Core Inflation Rate in the United States is expected to be 3.00 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 2026 and 2.30 percent in 2027, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-11 01:30 PM
Core Inflation Rate YoY
Nov 3.3% 3.3% 3.3% 3.3%
2025-01-15 01:30 PM
Core Inflation Rate YoY
Dec 3.2% 3.3% 3.3% 3.3%
2025-02-12 01:30 PM
Core Inflation Rate YoY
Jan


Related Last Unit Reference
CPI 315.61 points Dec 2024
Core Consumer Prices 323.38 points Dec 2024
Core Inflation Rate YoY 3.20 percent Dec 2024
Core Inflation Rate MoM 0.20 percent Dec 2024
CPI Core Core YoY 2.40 percent Dec 2024
CPI Housing Utilities 338.88 points Dec 2024
CPI s.a 317.69 points Dec 2024
CPI Transportation 267.61 points Dec 2024
Export Prices 149.20 points Dec 2024
Export Prices MoM 0.30 percent Dec 2024
Export Prices YoY 1.80 percent Dec 2024
Food Inflation 2.50 percent Dec 2024
Import Prices 141.50 points Dec 2024
Import Prices MoM 0.10 percent Dec 2024
Import Prices YoY 2.20 percent Dec 2024
Inflation Rate YoY 2.90 percent Dec 2024
Inflation Rate MoM 0.40 percent Dec 2024
PPI MoM 0.20 percent Dec 2024
PPI 146.84 points Dec 2024
PPI YoY 3.30 percent Dec 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
3.20 3.30 13.60 0.00 1957 - 2024 percent Monthly
1982-1984=100, NSA


News Stream
US Core CPI Slows
Core consumer prices in the United States, which exclude items linked to food and energy prices, rose by 0.2% from the previous month in December of 2024, slowing from the 0.3% in November and undershooting market expectations that they would continue to rise by 0.3%. Monthly price growth slowed for commodities less food and energy commodities (0.1% vs 0.3% in November), new vehicles (0.5% vs 0.6%), and apparel (0.1% vs 0.2%), while remaining unchanged for shelter (at 0.3%) and rising sharply for transportation services (0.5% vs 0%).
2025-01-15
US Core Inflation Rate Unexpectedly Slows
The annual core consumer price inflation rate in the United States, which excludes items such as food and energy, eased to 3.2% in December 2024, down from 3.3% in the previous three months and slightly below market expectations of 3.3%. The shelter index, accounting for over two thirds of the total 12-month increase rose 4.6% over the past year, marking the smallest annual gain since January 2022. Other notable year-over-year increases included motor vehicle insurance (+11.3%), medical care (+2.8%), education (+4.0%), and recreation (+1.1%. On a monthly basis, core consumer prices rose by 0.2% in December, after a 0.3% increase in November and below market estimates of a 0.3% advance.
2025-01-15
US Core Inflation Rate Steady at 3.3% as Expected
The annual core consumer price inflation rate in the United States, which excludes items such as food and energy, stood at a three-month high of 3.3% in November 2024, unchanged from October and September. Figures met market expectations. Prices for services excluding energy services, closely monitored by the Federal Reserve as a gauge of underlying inflation, slowed to 4.6% in November from 4.8% in October, driven by softer increases in heavyweight shelter (4.7% vs. 4.9%) and transportation services (7.1% vs. 8.2%). On a monthly basis, core consumer prices rose by 0.3% in November, matching the pace of the previous three months and in line with forecasts.
2024-12-11