The annual inflation rate in the US rose for a 3rd consecutive month to 2.9% in December 2024 from 2.7% in November, in line with market expectations. This year-end rise is partly driven by low base effects from last year, particularly for energy. Energy costs declined much less (-0.5% vs -3.2% in November), mainly due to gasoline (-3.4% vs -8.1%), fuel oil (-13.1% vs -19.5%) and natural gas (4.9% vs 1.8%). Also, inflation accelerated for food (2.5% vs 2.4%) and transportation (7.3% vs 7.1%) and prices fell less for new vehicles (-0.4% vs -0.7%). On the other hand, inflation slowed for shelter (4.6%, the lowest since January 2022, vs 4.7%) and prices continued to decline for used cars and trucks (-3.3% vs -3.4%). On a monthly basis, the CPI rose by 0.4%, the most since March, and above forecasts of 0.3%. The index for energy rose 2.6%, accounting for over 40% of the monthly increase, mainly due to gasoline (4.4%). Also, food prices went up 0.3% and shelter also edged up 0.3%. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States increased to 2.90 percent in December from 2.70 percent in November of 2024. Inflation Rate in the United States averaged 3.30 percent from 1914 until 2024, 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 2025.

Inflation Rate in the United States increased to 2.90 percent in December from 2.70 percent in November of 2024. Inflation Rate in the United States is expected to be 2.90 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 2.40 percent in 2026 and 2.30 percent in 2027, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-11 01:30 PM
Inflation Rate YoY
Nov 2.7% 2.6% 2.7% 2.7%
2025-01-15 01:30 PM
Inflation Rate YoY
Dec 2.9% 2.7% 2.9% 2.9%
2025-02-12 01:30 PM
Inflation Rate YoY
Jan 2.9%

Components Last Unit Reference
Core Inflation Rate YoY 3.20 percent Dec 2024
Energy Inflation -0.50 Percent Dec 2024
Food Inflation 2.50 percent Dec 2024
Rent Inflation 4.60 percent Dec 2024
Services Inflation 4.40 Percent Dec 2024

Related Last Unit Reference
CPI 315.61 points Dec 2024
Core Consumer Prices 323.38 points Dec 2024
CPI Median 4.09 percent Oct 2024
CPI s.a 317.69 points Dec 2024
CPI Trimmed-Mean 3.20 percent Dec 2024
Export Prices 149.20 points Dec 2024
Import Prices 141.50 points Dec 2024
Consumer Inflation Expectations 3.00 percent Dec 2024
Inflation Rate YoY 2.90 percent Dec 2024
Inflation Rate MoM 0.40 percent Dec 2024
PCE Price Index 124.38 points Nov 2024
PPI YoY 3.30 percent Dec 2024

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
2.90 2.70 23.70 -15.80 1914 - 2024 percent Monthly
NSA


News Stream
US Inflation Rate Rises for Third Month, but Core Rate Slows
The annual inflation rate in the US rose for a 3rd consecutive month to 2.9% in December 2024 from 2.7% in November, in line with market expectations. This year-end rise is partly driven by low base effects from last year, particularly for energy. Energy costs declined much less (-0.5% vs -3.2% in November), mainly due to gasoline (-3.4% vs -8.1%), fuel oil (-13.1% vs -19.5%) and natural gas (4.9% vs 1.8%). Also, inflation accelerated for food (2.5% vs 2.4%) and transportation (7.3% vs 7.1%) and prices fell less for new vehicles (-0.4% vs -0.7%). On the other hand, inflation slowed for shelter (4.6%, the lowest since January 2022, vs 4.7%) and prices continued to decline for used cars and trucks (-3.3% vs -3.4%). On a monthly basis, the CPI rose by 0.4%, the most since March, and above forecasts of 0.3%. The index for energy rose 2.6%, accounting for over 40% of the monthly increase, mainly due to gasoline (4.4%). Also, food prices went up 0.3% and shelter also edged up 0.3%.
2025-01-15
US Inflation Rate Seen Rising For 3rd Month
The annual inflation rate in the US likely accelerated for a third consecutive month, reaching 2.9% in December 2024, the highest level since July. This compares to 2.7% in November, with the year-end rise partly driven by low base effects from last year, particularly for energy. On a monthly basis, the CPI is expected to have increased by 0.3%, matching November's pace, supported by prices for gasoline, food, vehicles, and rental. Meanwhile, annual core inflation, which excludes volatile components such as food and energy, is anticipated to remain steady at 3.3%, consistent with November’s figure. The monthly core inflation is projected to edge down to 0.2%, following a 0.3% rise in each of the previous four months.
2025-01-15
US Inflation Rate Rises to 2.7% As Expected
The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations. The rise is partly influenced by low base effects from last year. Energy costs declined less (-3.2% vs -4.9% in October), mainly due to gasoline (-8.1% vs -12.2%) and fuel oil (-19.5% vs -20.8%) while natural gas prices rose 1.8%, compared to 2%. Also, inflation accelerated for food (2.4% vs 2.1%) and prices fell much less for new vehicles (-0.7% vs -1.3%). On the other hand, inflation slowed for shelter (4.7% vs 4.9%) and transportation (7.1% vs 8.2%) and prices continued to decline for used cars and trucks (-3.4%, the same as in October). On a monthly basis, the CPI rose by 0.3%, the most since April, slightly above October's 0.2%, and also matching forecasts. The index for shelter rose 0.3%, accounting for nearly 40% of increase. The core CPI rose 3.3% on the year and 0.3% on the month, the same as in October and in line with forecasts.
2024-12-11