The annual inflation rate in the US slowed for a sixth consecutive month to 2.4% in September 2024, the lowest since February 2021, from 2.5% in August. However, figures came above forecasts of 2.3%. Prices rose less for shelter (4.9% vs 5.2%) and energy costs declined more (-6.8% vs -4% in August), mainly due to gasoline (-15.3% vs -10.3%) and fuel oil (-22.4% vs -12.1%) while natural gas prices rebounded (2% vs -0.1%). Also, prices continued to fall for new vehicles (-1.3% vs -1.2%) and used cars and trucks (-5.1% vs -10.4%). On the other hand, inflation accelerated for food (2.3% vs 2.1%) and transportation (8.5% vs 7.9%). Compared to the previous month, the CPI rose 0.2%, the same as in August, and above forecasts of 0.1%. Annual core inflation rate unexpectedly edged up to 3.3%, compared to 3.2% in the previous two months while investors were expecting it would stay at 3.2%. The monthly core inflation rate remained at 0.3%, the same as in August but above forecasts of 0.2%. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States decreased to 2.40 percent in September from 2.50 percent in August 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 October of 2024.

Inflation Rate in the United States decreased to 2.40 percent in September from 2.50 percent in August of 2024. Inflation Rate in the United States is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-11 12:30 PM
Inflation Rate YoY
Aug 2.5% 2.9% 2.6% 2.7%
2024-10-10 12:30 PM
Inflation Rate YoY
Sep 2.4% 2.5% 2.3% 2.3%
2024-11-13 01:30 PM
Inflation Rate YoY
Oct

Components Last Previous Unit Reference
Core Inflation Rate YoY 3.30 3.20 percent Sep 2024
Energy Inflation -6.80 -4.00 Percent Sep 2024
Food Inflation 2.30 2.10 percent Sep 2024
Rent Inflation 4.90 5.20 percent Sep 2024
Services Inflation 4.70 4.90 Percent Sep 2024

Related Last Previous Unit Reference
CPI 315.30 314.80 points Sep 2024
Core Consumer Prices 320.77 319.77 points Sep 2024
CPI Median 4.08 4.16 percent Sep 2024
CPI s.a 314.69 314.12 points Sep 2024
CPI Trimmed-Mean 3.17 3.22 percent Sep 2024
Export Prices 146.80 147.90 points Sep 2024
Import Prices 140.80 141.40 points Sep 2024
Consumer Inflation Expectations 3.00 3.00 percent Sep 2024
Inflation Rate YoY 2.40 2.50 percent Sep 2024
Inflation Rate MoM 0.20 0.20 percent Sep 2024
PCE Price Index 123.67 123.56 points Aug 2024
PPI YoY 1.80 1.90 percent Sep 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
2.40 2.50 23.70 -15.80 1914 - 2024 percent Monthly
NSA


News Stream
US Inflation Rate Slows Less Than Expected
The annual inflation rate in the US slowed for a sixth consecutive month to 2.4% in September 2024, the lowest since February 2021, from 2.5% in August. However, figures came above forecasts of 2.3%. Prices rose less for shelter (4.9% vs 5.2%) and energy costs declined more (-6.8% vs -4% in August), mainly due to gasoline (-15.3% vs -10.3%) and fuel oil (-22.4% vs -12.1%) while natural gas prices rebounded (2% vs -0.1%). Also, prices continued to fall for new vehicles (-1.3% vs -1.2%) and used cars and trucks (-5.1% vs -10.4%). On the other hand, inflation accelerated for food (2.3% vs 2.1%) and transportation (8.5% vs 7.9%). Compared to the previous month, the CPI rose 0.2%, the same as in August, and above forecasts of 0.1%. Annual core inflation rate unexpectedly edged up to 3.3%, compared to 3.2% in the previous two months while investors were expecting it would stay at 3.2%. The monthly core inflation rate remained at 0.3%, the same as in August but above forecasts of 0.2%.
2024-10-10
US Inflation Rate Seen Slowing in September
The annual inflation rate in the US likely slowed for a sixth consecutive month to 2.3% in September 2024, which would be the lowest since February 2021, from 2.5% in August. Compared to the previous month, the CPI is projected to increase 0.1%, below 0.2% in August. Prices of used cars are predicted to increase following several months of declines, while food costs are expected to rise slightly. In contrast, gasoline prices are likely to decrease to their lowest level in seven months. Meanwhile, core inflation is anticipated to remain stable at a more than three-year low of 3.2% for the second month, with the monthly core inflation rate forecasted to fall to 0.2% from 0.3%.
2024-10-10
US Inflation Slows for 5th Month
The annual inflation rate in the US slowed for a fifth consecutive month to 2.5% in August 2024, the lowest since February 2021, from 2.9% in July, and below forecasts of 2.6%. Energy costs declined (-4% vs 1.1% in July), mainly due to gasoline (-10.3% vs -2.2%), fuel oil (-12.1% vs -0.3%) and natural gas (-0.1% vs 1.5%). Inflation for food (2.1% vs 2.2%) and transportation (7.9% vs 8.8%) also eased and prices continued to fall for new vehicles (-1.2% vs -1%) and used cars and trucks (-10.4% vs -10.9%). On the other hand, inflation edged higher for shelter (5.2% vs 5.1%) and apparel (0.3 vs 0.2%). Compared to the previous month, the CPI rose 0.2%, the same as in July and matching expectations. The index for shelter rose 0.5% and was the main factor in the monthly increase. Meanwhile, core inflation steadied at an over three-year low of 3.2% but the monthly core inflation rate edged up to 0.3% from 0.2%, above forecasts of 0.2%.
2024-09-11