United States Inflation Rate  1914-2018 | Data | Chart | Calendar

US annual inflation rate stood at 2.9 percent in July 2018, unchanged from the previous month and slightly below market expectations of 3 percent. Still, inflation remained at its highest level since February 2012. Inflation Rate in the United States averaged 3.27 percent from 1914 until 2018, 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.

United States Inflation Rate
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US Inflation Rate Unchanged at Over 6-Year High


US annual inflation rate stood at 2.9 percent in July 2018, unchanged from the previous month and slightly below market expectations of 3 percent. Still, inflation remained at its highest level since February 2012.

Main upward pressure came from: fuel oil (34.7 percent vs 30.8 percent); gasoline (25.4 percent from 24.3 percent); shelter (3.5 percent vs 3.4 percent); transportation services (4 percent vs 3.7 percent); used cars and trucks (0.8 percent vs -0.7 percent); and new vehicles (0.2 percent vs -0.5 percent).

Meanwhile, food inflation was unchanged at 1.4 percent, while prices rose at a softer pace for medical care services (2.3 percent vs 2.5 percent); apparel (0.3 percent vs 0.6 percent); and medical care commodities (0.4 percent vs 2.4 percent). Also, prices continued to drop for both electricity (-0.8 percent vs -0.1 percent) and utility piped gas service (-1.3 percent vs -2.1 percent).

Core inflation, which excludes food and energy, rose to 2.4 percent in July from 2.3 percent in June. It was the highest rate since September 2008.

On a monthly basis, consumer prices rose 0.2 percent in July, after a 0.1 percent gain in June and in line with market expectations. The index for shelter rose 0.3 percent and accounted for nearly 60 percent of the increase. Also, the food index edged up 0.1 percent, with major grocery store food group indexes mixed; while the energy index fell 0.5 percent, as all the major component indexes declined.  


BLS | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/10/2018 3:03:44 PM


Recent Releases

US Inflation Rate Highest since 2012
The inflation rate in the US edged up to 2.9 percent in June of 2018 from 2.8 percent in May, matching market expectations. It is the highest rate since February of 2012 when inflation was also at 2.9 percent, due to rising prices for oil and gasoline. The last time inflation was above 2.9 percent was in December of 2011 when it reached 3 percent.
Published on 2018-07-12

US Inflation Rate at Over 6-Year High
The inflation rate in the US increased to 2.8 percent in May of 2018 from 2.5 percent in April, beating market forecasts of 2.7 percent. It is the highest inflation rate since February of 2012, mainly due to rising prices for gasoline and shelter.
Published on 2018-06-12

US Inflation Rate Highest in 14 Months
Annual inflation rate in the United States edged up to 2.5 percent in April of 2018 from 2.4 in March, matching market expectations. It is the highest rate since February of 2017 amid rises in gasoline, fuel and shelter cost.
Published on 2018-05-10

US Inflation Rate Highest in a Year
Consumer prices in the United States increased 2.4 percent year-on-year in March of 2018, above 2.2 percent in February and matching market expectations. It is the highest inflation rate in a year, mainly boosted by shelter and used car prices. On a monthly basis, prices fell 0.1 percent after a 0.2 percent rise and compared with forecasts of a flat reading. Gasoline prices went down 4.9 percent, the largest drop since May 2017.
Published on 2018-04-11



Calendar GMT Actual Previous Consensus TEForecast
2018-06-12 12:30 PM Inflation Rate YoY 2.8% 2.5% 2.7% 2.6%
2018-07-12 12:30 PM Inflation Rate YoY 2.9% 2.8% 2.9% 2.9%
2018-08-10 12:30 PM Inflation Rate YoY 2.9% 2.9% 3% 2.9%
2018-09-13 12:30 PM Inflation Rate YoY 2.9% 3%
2018-10-11 12:30 PM Inflation Rate YoY 3%
2018-11-14 01:30 PM Inflation Rate YoY 2.9%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 2.90 23.70 -15.80 percent [+]
Inflation Rate Mom 0.20 0.10 1.80 -1.80 percent [+]
Consumer Price Index CPI 251.29 250.86 251.29 23.51 Index Points [+]
Core Consumer Prices 257.93 257.31 257.93 28.50 Index Points [+]
Core Inflation Rate 2.40 2.30 13.60 0.00 percent [+]
GDP Deflator 110.24 109.37 110.24 12.85 Index Points [+]
Producer Prices 116.40 116.40 116.40 100.20 Index Points [+]
Producer Prices Change 3.30 3.40 19.57 -6.86 percent [+]
Export Prices 127.40 128.10 135.30 82.40 Index Points [+]
Import Prices 128.10 128.10 147.50 75.00 Index Points [+]
Food Inflation 1.40 1.40 36.70 -34.30 percent [+]
CPI Housing Utilities 259.27 258.71 259.27 30.50 Index Points [+]
CPI Transportation 214.04 214.68 223.54 22.30 Index Points [+]
Core Pce Price Index 109.92 109.80 109.92 16.73 Index Points [+]
Core Producer Prices 115.40 115.30 115.40 99.90 Index Points [+]
Pce Price Index 108.16 108.05 108.16 16.07 Index Points [+]
Inflation Expectations 2.98 2.98 3.40 2.42 percent [+]


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). This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.90 23.70 -15.80 1914 - 2018 percent Monthly
1982-1984=100, NSA




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 3.00 Jul/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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