The annual inflation rate in the US likely reached 6% in February of 2023, slowing for an eighth straight month and marking the lowest level since September of 2021, compared to 6.4% in January. Core inflation, which strips out food and energy prices, was seen edging down to 5.5% from 5.6%, also the lowest since late 2021. Compared to January, the CPI likely rose at a softer 0.4%, following a prior 0.5% gain, while the core index grew by 0.4% for a second straight month. The report is expected to show gasoline prices were up nearly 1% on the month, and further upward pressure came from the cost of used cars, shelter, and airfares. Inflation in the US remained elevated and almost three times above the Fed's target of 2%, boosted by prices of services and housing. At the same time, goods prices could start increasing as supply chains have normalized. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.29 percent from 1914 until 2023, 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 March of 2023.

Inflation Rate in the United States is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-12 01:30 PM Dec 6.5% 7.1% 6.5% 6.7%
2023-02-14 01:30 PM Jan 6.4% 6.5% 6.2% 6.3%
2023-03-14 12:30 PM Feb 6.4% 6% 6.1%


Related Last Unit Reference
Inflation Rate 6.40 percent Jan 2023
Inflation Rate MoM 0.50 percent Jan 2023
Consumer Price Index CPI 299.17 points Jan 2023
Core Inflation Rate 5.60 percent Jan 2023
Core Consumer Prices 302.70 points Jan 2023
Producer Prices Change 6.00 percent Jan 2023
Export Prices 151.60 points Jan 2023
Import Prices 141.20 points Jan 2023
Food Inflation 10.10 percent Jan 2023
Rent Inflation 7.88 Percent Jan 2023
Energy Inflation 8.70 Percent Jan 2023
Services Inflation 7.60 Percent Jan 2023
Inflation Expectations 4.20 percent Feb 2023
Pce Price Index 125.90 points Jan 2023
CPI Trimmed-Mean 6.55 percent Jan 2023
CPI Median 7.08 percent Jan 2023

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
6.40 6.50 23.70 -15.80 1914 - 2023 percent Monthly
NSA

News Stream
US Inflation Rate Slows Less than Expected
The annual inflation rate in the US slowed only slightly to 6.4% in January of 2023 from 6.5% in December, less than market forecasts of 6.2%. Still, it is the lowest reading since October 2021. A slowdown was seen in food prices (10.1% vs 10.4%) while the cost of used cars and trucks continued to decline (-11.6% vs -8.8%). In contrast, the cost of shelter increased faster (7.9% vs 7.5%) as well as energy (8.7% vs 7.3%), with gasoline prices rising 1.5%, reversing from a 1.5% decline in December. On the other hand, both fuel oil (27.7% vs 41.5%) and electricity prices slowed (11.9% vs 14.3%). Although inflation has shown signs of peaking at 9.1% in June last year, it remains more than three times above the Fed's 2% target and continues to point to a broad-based advance on the general price level, particularly services and housing. Compared to December, CPI rose 0.5%, the most in three months, mostly due to the higher cost of shelter, food, gasoline, and natural gas.
2023-02-14
US Inflation Rate Seen Falling to 6.2%
The annual inflation rate in the US likely slowed to 6.2% in January, the lowest since October, and compared to 6.5% in December. Core inflation, which excludes volatile food and energy, is expected to have eased to 5.4% from 5.7%, also the lowest since the end of 2021. On a seasonally adjusted month-over-month basis, however, the CPI likely rose 0.5% in January, the most in three months, following an upwardly revised 0.1% gain in December and tracking an increase in prices of gasoline and used cars. Core prices are seen growing 0.4% for a second month. Although inflation has shown signs of peaking at 9.1% in June last year, it remains more than three times above the Fed's 2% target and continues to point to a broad-based advance on the general price level, particularly services and housing.
2023-02-14
US Inflation Rate Slows to 6.5% as Expected
The annual inflation rate in the US slowed for a sixth straight month to 6.5% in December of 2022, the lowest since October of 2021, in line with market forecasts. It follows a 7.1% reading in November. Energy cost increased 7.3%, well below 13.1% in November, as gasoline cost dropped 1.5%, following a 10.1% surge in November. Also, fuel oil cost slowed (41.5% vs 65.7%) while electricity prices rose slightly faster (14.3% vs 13.7%). A slowdown was also seen in food prices (10.4% vs 10.6%) while cost of used cars and trucks continued to decline (-8.8% vs -3.3%). On the other hand, the cost of shelter increased faster (7.5% vs 7.1%). Compared to the previous month, the CPI edged 0.1% lower, the first decline since May of 2020, and beating forecasts of a flat reading. Inflation seems to have peaked at 9.1% in June of 2022 but it still remains more than three times above the Fed's 2% target.
2023-01-12