United States Inflation Rate  1914-2017 | Data | Chart | Calendar

Consumer prices in the United States rose 2 percent year-on-year in October of 2017, below 2.2 percent in September and in line with market expectations. Cost eased for gasoline and fuel oil after hurricane-related production disruptions at oil refineries in the Gulf Coast area gave a boost to energy prices during September and August. Yet, core inflation rose to 1.8 percent, the highest in six months amid rising prices for food, transportation services and medical care. Inflation Rate in the United States averaged 3.28 percent from 1914 until 2017, 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 Slows to 2%


Consumer prices in the United States rose 2 percent year-on-year in October of 2017, below 2.2 percent in September and in line with market expectations. Cost eased for gasoline and fuel oil after hurricane-related production disruptions at oil refineries in the Gulf Coast area gave a boost to energy prices during September and August. Yet, core inflation rose to 1.8 percent, the highest in six months amid rising prices for food, transportation services and medical care.

Year-on-year, energy prices rose 6.4 percent in October, slowing from a 10.1 percent jump in September. Cost eased for gasoline (10.8 percent from 19.3 percent in September), fuel oil (11.7 percent from 15.6 percent) and utility piped gas service (3.2 percent from 3.8 percent) but rose faster for electricity (2 percent from 1.7 percent). Meanwhile, inflation slowed for medical care commodities (0.9 percent from 1 percent in September) and was steady at 3.2 percent for shelter. Also, prices fell further for apparel (-0.6 percent from -0.2 percent) and new vehicles (-1.4 percent from -1 percent). On the other hand, prices rose faster for food (1.3 percent from 1.2 percent in September), transportation services (4.2 percent from 3.9 percent) and medical care services (1.9 percent from 1.7 percent). Cost declined less for used cars and trucks (-2.9 percent from -3.7 percent). 

On a monthly basis, consumer prices edged up 0.1 percent, lower than a 0.5 percent rise in September and in line with expectations. The shelter index increased 0.3 percent and was the main driver of the increase. Prices for medical care, used cars and trucks, tobacco, education, motor vehicle insurance, and personal care also went up. On the other hand, the energy index fell, as a decline in gasoline outweighed increases in other energy component indexes and prices of new vehicles, recreation, and apparel also declined. The food index was unchanged over the month. 

Excluding food and energy, consumer prices went up 0.2 percent on the month, above 0.1 percent in September and matching forecasts. Year-on-year, core consumer prices rose 1.8 percent, above 1.7 percent in the previous five months and higher than expectations of 1.7 percent. 

BLS | Joana Taborda | joana.taborda@tradingeconomics.com
11/15/2017 2:02:39 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-14 12:30 PM Inflation Rate YoY 1.9% 1.7% 1.8% 1.8%
2017-10-13 12:30 PM Inflation Rate YoY 2.2% 1.9% 2.3% 2%
2017-11-15 01:30 PM Inflation Rate YoY 2.0% 2.2% 2.0% 2%
2017-12-13 01:30 PM Inflation Rate YoY 2% 2%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.20 23.70 -15.80 percent [+]
Inflation Rate Mom 0.10 0.50 1.80 -1.80 percent [+]
Consumer Price Index CPI 246.64 246.37 246.64 23.51 Index Points [+]
Core Consumer Prices 253.43 252.86 253.43 28.50 Index Points [+]
Core Inflation Rate 1.80 1.70 13.60 0.00 percent [+]
GDP Deflator 113.63 113.03 113.63 13.49 Index Points [+]
Producer Prices 113.90 113.40 113.90 100.20 Index Points [+]
Producer Prices Change 2.80 2.60 19.57 -6.86 percent [+]
Export Prices 123.90 123.90 135.30 82.40 Index Points [+]
Import Prices 124.20 123.90 147.50 75.00 Index Points [+]
Food Inflation 1.30 1.20 36.70 -34.30 percent [+]
Pce Price Index 113.05 112.62 113.05 17.12 Index Points [+]
Inflation Expectations 2.61 2.54 3.40 2.42 percent [+]
CPI Housing Utilities 253.13 252.98 253.13 30.50 Index Points [+]
CPI Transportation 202.46 204.78 223.54 22.30 Index Points [+]
Core Pce Price Index 113.35 113.21 113.35 17.60 Index Points [+]


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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.20 23.70 -15.80 1914 - 2017 percent Monthly
1982-1984=100, NSA




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17