Annual inflation rate in the US increased to 1.3% in August of 2020 from 1% in July, beating market forecasts of 1.2%. It is the highest rate since March. Cost for used cars and trucks rebounded (4% vs -0.9% in July), prices for new vehicles increased faster (0.7% vs 0.5%), and energy cost dropped less (-9% vs -11.2%). At the same time, inflation for food (4.1%) and shelter (2.3%) was steady. In contrast, prices slowed for medical care commodities (0.8% vs 1.1%) and medical care services (5.3% vs 5.9%) and the deflation deepened for apparel (-5.9% vs -6.5%) and transportation services (-4% vs -3.7%). On a monthly basis, consumer prices went up 0.4%, also above forecasts of 0.3%: a sharp rise in the used cars and trucks index was the largest factor, but the indexes for gasoline, shelter, recreation, and household furnishings and operations also contributed. Excluding food and energy, annual core inflation edged up to 1.7% from 1.6%.
Inflation Rate in the United States averaged 3.24 percent from 1914 until 2020, 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 September of 2020. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United States to stand at 1.10 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.