The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording the biggest gain (30% vs 24.8% in September), namely gasoline (49.6%). Inflation also increased for shelter (3.5% vs 3.2%); food (5.3% vs 4.6%, the highest since January of 2009), namely food at home (5.4% vs 4.5%); new vehicles (9.8% vs 8.7%); used cars and trucks (26.4% percent vs 24.4%); transportation services (4.5% vs 4.4%); apparel (4.3% vs 3.4%); and medical care services (1.7% vs 0.9%). The monthly rate increased to 0.9% from 0.4% in September, also higher than forecasts of 0.6%, boosted by higher cost of energy, shelter, food, used cars and trucks, and new vehicles. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.24 percent from 1914 until 2021, 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 2021.

Inflation Rate in the United States is expected to be 6.30 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 2.30 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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United States Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 12:30 PM Sep 5.4% 5.3% 5.3% 5.3%
2021-11-10 01:30 PM Oct 6.2% 5.4% 5.8% 5.7%
2021-12-10 01:30 PM Nov 6.2% 6.4%


Related Last Previous Unit Reference
Inflation Rate 6.20 5.40 percent Oct/21
Inflation Rate Mom 0.90 0.40 percent Oct/21
Consumer Price Index CPI 276.72 274.14 points Oct/21
Core Inflation Rate 4.60 4.00 percent Oct/21
Core Consumer Prices 281.70 280.02 points Oct/21
Producer Prices Change 8.60 8.60 percent Oct/21
Export Prices 145.20 143.10 points Oct/21
Import Prices 136.50 134.90 points Oct/21
Food Inflation 5.30 4.60 percent Oct/21
Pce Price Index 117.42 116.68 points Oct/21
Inflation Expectations 5.70 5.30 percent Oct/21
CPI Trimmed-mean 4.12 3.55 percent Oct/21
CPI Median 3.14 2.78 percent Oct/21

News Stream
US Inflation Rate Rises to 6.2%, More than Expected
The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording the biggest gain (30% vs 24.8% in September), namely gasoline (49.6%). Inflation also increased for shelter (3.5% vs 3.2%); food (5.3% vs 4.6%, the highest since January of 2009), namely food at home (5.4% vs 4.5%); new vehicles (9.8% vs 8.7%); used cars and trucks (26.4% percent vs 24.4%); transportation services (4.5% vs 4.4%); apparel (4.3% vs 3.4%); and medical care services (1.7% vs 0.9%). The monthly rate increased to 0.9% from 0.4% in September, also higher than forecasts of 0.6%, boosted by higher cost of energy, shelter, food, used cars and trucks, and new vehicles.
2021-11-10
US Inflation Rate Seen at 5.8%, Highest since 1990
Annual inflation rate in the US likely increased to 5.8% in October of 2021 which would be the highest rate since December of 1990, staying well above the Fed's average annual 2% inflation target for a 7th consecutive month. Consumer prices have been on an upward trajectory this year due to supply chain issues such as port congestion, input and labour shortages, rising energy costs and wage increases. Surging housing and second-hand car prices are also expected to continue to weigh. The monthly rate likely accelerated to 0.6% from 0.4% and the core one is seen edging up to 0.3% from 0.2%. Still, the Fed continues to reiterate such price pressures are transitory.
2021-11-10
US Inflation Rate Back to 13-Year High
The annual inflation rate in the US edged up to a 13-year high of 5.4% in September of 2021 from 5.3% in August and above market expectations of 5.3%. Main upward pressure came from cost of shelter (3.2% vs 2.8% in August); food (4.6% vs 3.7%, the highest since December of 2011), namely food at home (4.5% vs 3%); new vehicles (8.7% vs 7.6%); and energy (24.8% vs 25%). On the other hand, prices eased for used cars and trucks (24.4% percent vs 31.9%); transportation services (4.4% vs 4.6%); apparel (3.4% vs 4.2%); and medical care services (0.9% vs 1%). On a monthly basis, consumer prices advanced 0.4%, above forecasts of 0.3%, with the indexes for food and shelter contributing more than half of the monthly increase. The core index which excludes food and energy went up 0.2% mom and 4% yoy, the same as in August and in line with forecasts.
2021-10-13

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 percent of total weight), energy (9.3 percent), commodities less food and energy commodities (19.4 percent) and services less energy services (57.3 percent). The last category is divided by: shelter (32.1 percent), medical care services (5.8 percent) and transportation services (5.5 percent).