The annual inflation rate in the US accelerated to 7% in the last month of 2021, a fresh high since June of 1982, in line with market expectations and compared to 6.8% in November. Energy was the biggest contributor to the gain but the rise was smaller than in November (29.3% vs 33.3%), with gasoline prices surging 49.6% vs 58.1%. Inflation accelerated however for shelter (4.1% vs 3.8%); food (6.3% vs 6.1%), namely food at home (6.5% vs 6.4%); new vehicles (11.8% vs 11.1%); used cars and trucks (37.3% vs 31.4%); apparel (5.8% vs 5%); and medical care services (2.5% vs 2.1%). Inflation spiked in 2021 due to pandemic-induced supply constraints, soaring energy costs, labour shortages, increasing demand and a low base effect from 2020. Inflationary pressures are likely to last well into the middle of 2022 and Fed Chair Powell recently pledged to do what’s necessary to contain an inflation surge including increasing interest rates. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.25 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 January of 2022.

Inflation Rate in the United States is expected to be 6.20 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.

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United States Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 01:30 PM Nov 6.8% 6.2% 6.8% 6.9%
2022-01-12 01:30 PM Dec 7% 6.8% 7% 7.1%
2022-02-10 01:30 PM Jan 7% 7.1%


Related Last Previous Unit Reference
Inflation Rate 7.00 6.80 percent Dec/21
Inflation Rate Mom 0.50 0.80 percent Dec/21
Consumer Price Index CPI 280.19 278.88 points Dec/21
Core Inflation Rate 5.50 4.90 percent Dec/21
Core Consumer Prices 284.76 283.20 points Dec/21
Producer Prices Change 9.70 9.80 percent Dec/21
Export Prices 143.90 146.60 points Dec/21
Import Prices 137.50 137.80 points Dec/21
Food Inflation 6.30 6.10 percent Dec/21
Inflation Expectations 6.00 6.00 percent Dec/21
CPI Trimmed-mean 4.83 4.60 percent Dec/21
CPI Median 3.83 3.50 percent Dec/21
Pce Price Index 118.20 117.49 points Nov/21

News Stream
US Inflation Rate Hits Fresh 1982-High
The annual inflation rate in the US accelerated to 7% in the last month of 2021, a fresh high since June of 1982, in line with market expectations and compared to 6.8% in November. Energy was the biggest contributor to the gain but the rise was smaller than in November (29.3% vs 33.3%), with gasoline prices surging 49.6% vs 58.1%. Inflation accelerated however for shelter (4.1% vs 3.8%); food (6.3% vs 6.1%), namely food at home (6.5% vs 6.4%); new vehicles (11.8% vs 11.1%); used cars and trucks (37.3% vs 31.4%); apparel (5.8% vs 5%); and medical care services (2.5% vs 2.1%). Inflation spiked in 2021 due to pandemic-induced supply constraints, soaring energy costs, labour shortages, increasing demand and a low base effect from 2020. Inflationary pressures are likely to last well into the middle of 2022 and Fed Chair Powell recently pledged to do what’s necessary to contain an inflation surge including increasing interest rates.
2022-01-12
US Inflation Rate Likely Topped 7%
The annual inflation rate in the US likely accelerated to 7% in the last month of 2021, a fresh high since June of 1982, and compared to 6.8% in November. Still, the monthly rate is seen easing to 0.4% from 0.8%. Excluding food and energy, annual CPI is expected to surge by 5.4%, the most since 1991 and compared to 4.9% in November, translating to another monthly increase of 0.5%. Inflation spiked in 2021 due to pandemic-induced supply constraints, soaring energy costs, labour shortages, increasing demand and a low base effect from 2020. Inflationary pressures are likely to last well into the middle of 2022 and Fed Chair Powell recently pledged to do what’s necessary to contain an inflation surge including increasing interest rates.
2022-01-12
US Inflation Rate Highest since 1982
Annual inflation rate in the US accelerated to 6.8% in November of 2021, the highest since June of 1982, and in line with forecasts. It marks the 9th consecutive month the inflation stays above the Fed's 2% target as global commodities rally, rising demand, wage pressures, supply chain disruptions and a low base effect from last year continue to push prices up. Upward pressure was broad-based, with energy costs recording the biggest gain (33.3% vs 30% in October), namely gasoline (58.1% vs 49.6%). Inflation also increased for shelter (3.8% vs 3.5%); food (6.1% vs 5.3%, the highest since October of 2008), namely food at home (6.4% vs 5.4%); new vehicles (11.1% vs 9.8%); used cars and trucks (31.4% percent vs 26.4%); apparel (5% vs 4.3%); and medical care services (2.1% vs 1.7%). On the other hand, the inflation slowed for transportation services (3.9% vs 4.5%). Excluding food and energy, inflation went up to 4.9% from 4.6%, the highest since June of 1991.
2021-12-10

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).