The US annual inflation rate fell to 1.7 percent in August 2019 from 1.8 percent in the previous month and below market consensus of 1.8 percent, as food prices and a range of other goods continued to increase while energy deflation deepened sharply. Inflation Rate in the United States averaged 3.26 percent from 1914 until 2019, 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.
Inflation Rate in the United States is expected to be 1.70 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 1.50 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.