The annual inflation rate in the US slowed for a fifth straight month to 7.1% in November of 2022, the lowest since December last year, and below forecasts of 7.3%. It follows a reading of 7.7% in October. Energy cost increased 13.1%, below 17.6% in October, due to gasoline (10.1% vs 17.5%), fuel oil (65.7% vs 68.5%), and electricity (13.7% vs 14.1%). A slowdown was also seen in food prices (10.6% vs 10.9%) while prices of used cars and trucks declined by 3.3% (after a 2% rise in October). On the other hand, the cost of shelter increased faster (7.1% vs 6.9%). Compared to the previous month, the CPI edged up only 0.1%, the least in three months, and also lower than forecasts of 0.3%. The shelter was by far the largest contributor rising by 0.6%, and more than offsetting a 1.6% drop in energy cost. Despite the bigger-than-anticipated slowdown, the annual inflation is set to remain more than three times the Fed's 2% target, pointing to broad price increases across the economy. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.29 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Inflation Rate in the United States is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Inflation Rate is projected to trend around 1.90 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United States Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-10 01:30 PM Oct 7.7% 8.2% 8% 8.1%
2022-12-13 01:30 PM Nov 7.1% 7.7% 7.3% 7.6%
2023-01-12 01:30 PM Dec 7.1% 7%


Related Last Unit Reference
Inflation Rate 7.10 percent Nov 2022
Inflation Rate MoM 0.10 percent Nov 2022
Consumer Price Index CPI 297.71 points Nov 2022
Core Inflation Rate 6.00 percent Nov 2022
Core Consumer Prices 300.07 points Nov 2022
Producer Prices Change 7.40 percent Nov 2022
Export Prices 155.80 points Nov 2022
Import Prices 141.60 points Nov 2022
Food Inflation 10.60 percent Nov 2022
Energy Inflation 13.10 Percent Nov 2022
Services Inflation 7.20 Percent Nov 2022
Rent Inflation 7.10 Percent Nov 2022
Pce Price Index 124.75 points Nov 2022
Inflation Expectations 5.20 percent Nov 2022
CPI Trimmed-Mean 6.66 percent Nov 2022
CPI Median 6.98 percent Nov 2022

United States Inflation Rate
In the United States, unadjusted Consumer Price Index for All Urban Consumers is based on the prices of a market basket of: Food (14% of total weight); Energy (8%); Commodities Less Food & Energy Commodities (21%) and Services Less Energy Services (57%). The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%).
Actual Previous Highest Lowest Dates Unit Frequency
7.10 7.70 23.70 -15.80 1914 - 2022 percent Monthly
1982-1984=100, NSA

News Stream
US Inflation Rate Slows More than Expected
The annual inflation rate in the US slowed for a fifth straight month to 7.1% in November of 2022, the lowest since December last year, and below forecasts of 7.3%. It follows a reading of 7.7% in October. Energy cost increased 13.1%, below 17.6% in October, due to gasoline (10.1% vs 17.5%), fuel oil (65.7% vs 68.5%), and electricity (13.7% vs 14.1%). A slowdown was also seen in food prices (10.6% vs 10.9%) while prices of used cars and trucks declined by 3.3% (after a 2% rise in October). On the other hand, the cost of shelter increased faster (7.1% vs 6.9%). Compared to the previous month, the CPI edged up only 0.1%, the least in three months, and also lower than forecasts of 0.3%. The shelter was by far the largest contributor rising by 0.6%, and more than offsetting a 1.6% drop in energy cost. Despite the bigger-than-anticipated slowdown, the annual inflation is set to remain more than three times the Fed's 2% target, pointing to broad price increases across the economy.
2022-12-13
US Inflation to Fall to 7.3%, Lowest Since December
The annual inflation rate in the US likely slowed for a fifth straight month to 7.3% in November of 2022, the lowest since December last year, and compared to 7.7% in October. The annual Core CPI, which strips out volatile food and energy, is expected to have risen by 6.1%, slightly below 6.3% in October. Compared to October, the CPI is seen increasing 0.3%, below 0.4% in the previous two months, as prices likely fell for gasoline, used cars, medical care services, and apparel and slowed down for hotels. Also, the core index is forecasted to have risen 0.3%, the same as in the previous month. Despite the slowdown, the annual inflation is set to remain more than three times the Fed's 2% target, pointing to a broad price increase across the economy. The strongest upward pressure continues to come from the services sector while prices of goods are seen to soften due to improvements in supply chains.
2022-12-12
US Inflation Rate Below Forecasts
The annual inflation rate in the US slowed for a 4th month to 7.7% in October, the lowest since January, and below forecasts of 8%. It compares with 8.2% in September. Energy cost increased 17.6%, below 19.8% in September, due to gasoline (17.5% vs 18.2%) and electricity (14.1% vs 15.5%). A slowdown was also seen in food (10.9% vs 11.2%) and used cars and trucks (2% vs 7.2%). On the other hand, prices for shelter (6.9% vs 6.6%) and fuel oil (68.5% vs 58.1%) increased faster. Compared to the previous month, the CPI rose 0.4%, below expectations of 0.6%. Shelter contributed over half of the increase (0.8%) and gasoline rose 4%, after falling in the previous 3 months. At the same time, cost of medical care services (-0.6%) and commodities (0%) pushed the CPI down. Still, figures continue to point to strong inflationary pressures and a broad price increase across the economy, mainly in the services sector while prices of goods have benefited from some improvements in supply chains.
2022-11-10