Annual inflation rate in the US increased to 0.6% in June of 2020 from May's four-and-a-half-year low of 0.1% and matching market forecasts. It is the highest reading in three months as businesses reopened after the coronavirus lockdown. Food inflation accelerated to 4.5% (vs 4% in May), the strongest since December of 2011, with food at home prices jumping 5.6% (vs 4.8%. Prices also increased faster for medical care services (6% vs 5.9%). Moreover, smaller decreases were seen in gasoline cost (-23.4% vs -33.8%), apparel (-7.3% vs -7.9%) and transportation services (-7% vs -8.7%). In contrast, shelter cost rose slightly less (2.4% vs 2.5%). On a monthly basis, prices went up 0.6 percent, the most since August of 2012, with a 12.3 percent surge in gasoline prices accounting for over half of the monthly increase. Annual core inflation which excludes food and energy was unchanged at 1.2% and the monthly rate increased to 0.2%.
Inflation Rate in the United States averaged 3.24 percent from 1914 until 2020, 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 August of 2020. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United States to stand at 0.10 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.