Annual inflation rate in the US fell to 2.2 percent in November of 2018 from 2.5 percent in October, matching market expectations. It is the lowest reading since February. On a monthly basis, consumer prices were unchanged after rising 0.3 percent in October and also in line with forecasts. The gasoline index declined 4.2 percent, offsetting increases in an array of indexes including shelter and used cars and trucks. Inflation Rate in the United States averaged 3.27 percent from 1914 until 2018, 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 2.40 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 2.40 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

United States Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 12:30 PM Inflation Rate YoY 2.7% 2.9% 2.8% 2.8%
2018-10-11 12:30 PM Inflation Rate YoY 2.3% 2.7% 2.4% 2.7%
2018-11-14 01:30 PM Inflation Rate YoY 2.5% 2.3% 2.5% 2.4%
2018-12-12 01:30 PM Inflation Rate YoY 2.2% 2.5% 2.2% 2.4%
2019-01-11 01:30 PM Inflation Rate YoY 2.40%
2019-02-13 01:30 PM Inflation Rate YoY
2019-03-12 12:30 PM Inflation Rate YoY



US Inflation Rate Lowest in 9 Months



Annual inflation rate in the US fell to 2.2 percent in November of 2018 from 2.5 percent in October, matching market expectations. It is the lowest reading since February. On a monthly basis, consumer prices were unchanged after rising 0.3 percent in October and also in line with forecasts. The gasoline index declined 4.2 percent, offsetting increases in an array of indexes including shelter and used cars and trucks.

Year-on-year, prices slowed for fuel oil (16.1 percent compared to 26.2 percent in October); gasoline (5 percent compared to 16.1 percent); electricity (0.6 percent compared to 0.7 percent); transportation services (3.3 percent compared to 3.8 percent); new vehicles (0.3 percent compared to 0.5 percent); medical care commodities (0.6 percent compared to 0.7 percent). Also, cost fell for apparel (-0.4 percent, the same as in October); and utility piped gas service (-2.1 percent, the same as in October). On the other hand, inflation was steady for shelter (3.2 percent) and went up food (1.4 percent compared to 1.2 percent); medical care services (2.4 percent compared to 1.9 percent); and used cars and trucks (2.3 percent compared to 0.4 percent). 

Excluding food and energy, consumer prices increased 2.2 percent over a year earlier, higher than 2.1 percent in October and in line with forecasts.

On a monthly basis, the gasoline index declined 4.2 percent in November, offsetting increases in an array of indexes including shelter and used cars and trucks. Other major energy component indexes were mixed, with the index for fuel oil falling but the indexes for electricity and natural gas rising. The food index rose in November, with the indexes for food at home and food away from home both increasing.  

The all items less food and energy index increased 0.2 percent in November, the same as in October and also in line with forecasts. Along with the indexes for shelter and used cars and trucks, the indexes for medical care, recreation, and water and sewer and trash collection also increased. The indexes for wireless telephone services, airline fares, and motor vehicle insurance declined in November. 


BLS | Joana Taborda | joana.taborda@tradingeconomics.com
12/12/2018 1:55:05 PM



United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.50 23.70 -15.80 percent [+]
Inflation Rate Mom 0.00 0.30 1.80 -1.80 percent [+]
Consumer Price Index CPI 252.88 252.83 252.88 23.51 Index Points [+]
Core Consumer Prices 259.48 258.94 259.48 28.50 Index Points [+]
Core Inflation Rate 2.20 2.10 13.60 0.00 percent [+]
GDP Deflator 110.65 110.27 110.65 12.85 Index Points [+]
Producer Prices 117.30 117.20 117.30 100.20 Index Points [+]
Producer Prices Change 2.50 2.90 19.57 -6.86 percent [+]
Export Prices 126.80 127.90 135.30 82.40 Index Points [+]
Import Prices 126.20 128.20 147.50 75.00 Index Points [+]
Food Inflation 1.40 1.20 36.70 -34.30 percent [+]
CPI Housing Utilities 260.47 260.27 260.47 30.50 Index Points [+]
CPI Transportation 209.92 213.48 223.54 22.30 Index Points [+]
Core Pce Price Index 110.46 110.34 110.46 16.73 Index Points [+]
Core Producer Prices 116.50 116.10 116.50 99.90 Index Points [+]
Pce Price Index 108.77 108.58 108.77 16.07 Index Points [+]
Inflation Expectations 2.97 3.00 3.40 2.42 percent [+]


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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.50 23.70 -15.80 1914 - 2018 percent Monthly
1982-1984=100, NSA




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 1.90 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.30 Nov/18
United States 2.20 Nov/18


Related

Latest