The annual inflation rate in the US slowed for a ninth consecutive period to 5% in March of 2023, the lowest since May of 2021 from 6% in February, and below market forecasts of 5.2%. Food prices grew at a slower rate (8.5% vs 9.5% in February) and energy cost fell (-6.4% vs +5.2%), namely gasoline (-17.4%) and fuel oil (-14.2%). At the same time, prices for used cars and trucks declined once again (-11.6% vs -13.6%). On the other hand, inflation for shelter which accounts for over 30% of the total CPI basket, continued to march higher (8.2% vs 8.1%). Compared to the previous month, the CPI edged 0.1% higher, also below expectations of 0.2%, with higher shelter prices (0.6%) offsetting a 3.5% fall in energy cost. Food prices were unchanged. Core CPI which excludes food and energy, increased 5.6% on the year and 0.4% on the month as expected. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.30 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 May of 2023.

Inflation Rate in the United States is expected to be 4.40 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
2023-03-14 12:30 PM Feb 6% 6.4% 6% 6.1%
2023-04-12 12:30 PM Mar 5% 6% 5.2% 5.3%
2023-05-10 12:30 PM Apr 5% 5% 4.9%


Related Last Previous Unit Reference
Inflation Rate 5.00 6.00 percent Mar 2023
Inflation Rate MoM 0.10 0.40 percent Mar 2023
Consumer Price Index CPI 301.84 300.84 points Mar 2023
Core Inflation Rate 5.60 5.50 percent Mar 2023
Core Consumer Prices 305.24 304.07 points Mar 2023
Producer Prices Change 2.70 4.90 percent Mar 2023
Export Prices 151.30 151.80 points Mar 2023
Import Prices 140.10 141.00 points Mar 2023
Food Inflation 8.50 9.50 percent Mar 2023
CPI seasonally adjusted 301.81 301.65 percent Mar 2023
Rent Inflation 8.20 8.10 percent Mar 2023
Energy Inflation -6.40 5.20 Percent Mar 2023
Services Inflation 7.30 7.60 Percent Mar 2023
Inflation Expectations 4.70 4.20 percent Mar 2023
CPI Trimmed-Mean 6.17 6.48 percent Mar 2023
PCE Price Index 126.37 126.28 points Mar 2023
CPI Median 7.08 7.20 percent Mar 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
5.00 6.00 23.70 -15.80 1914 - 2023 percent Monthly
NSA

News Stream
US Inflation Rate Below Forecasts at 5%
The annual inflation rate in the US slowed for a ninth consecutive period to 5% in March of 2023, the lowest since May of 2021 from 6% in February, and below market forecasts of 5.2%. Food prices grew at a slower rate (8.5% vs 9.5% in February) and energy cost fell (-6.4% vs +5.2%), namely gasoline (-17.4%) and fuel oil (-14.2%). At the same time, prices for used cars and trucks declined once again (-11.6% vs -13.6%). On the other hand, inflation for shelter which accounts for over 30% of the total CPI basket, continued to march higher (8.2% vs 8.1%). Compared to the previous month, the CPI edged 0.1% higher, also below expectations of 0.2%, with higher shelter prices (0.6%) offsetting a 3.5% fall in energy cost. Food prices were unchanged. Core CPI which excludes food and energy, increased 5.6% on the year and 0.4% on the month as expected.
2023-04-12
US Inflation Rate to Slow for 9th Month
The annual inflation rate in the US likely slowed for a ninth consecutive period to 5.2% in March of 2023, the lowest since May of 2021 from 6% in February brought down by lower cost of energy and food. On a monthly basis, the CPI is seen rising 0.2%, half the prior 0.4% increase. On the other hand, core inflation is expected to inch higher for the first time in six months to 5.6% from 5.5%, with the monthly rate seen at 0.4%, compared with 0.5% in February, boosted by higher shelter prices. Meanwhile, disinflation is anticipated in core services, like transport and medical care.
2023-04-12
US Inflation Rate Falls to 6% as Expected
The annual inflation rate in the US slowed to 6% in February of 2023, the lowest since September of 2021, in line with market forecasts, and compared to 6.4% in January. Food prices grew at a slower rate (9.5% vs 10.1%) while the cost of used cars and trucks continued to decline (-13.6% vs -11.6%). Also, costs slowed sharply for energy (5.2% vs 8.7%) and fuel oil (9.2% vs 27.7%) with gasoline prices falling 2% after a 1.5% rise in January. On the other hand, prices rose faster for electricity (12.9% vs 11.9%) and shelter (8.1% vs 7.9%). Core inflation which strips out the cost of food and energy edged lower to 5.5% from 5.6%. Compared to the previous month, the CPI rose 0.4%, following a prior 0.5% gain and also matching forecasts. The core rate, however, edged higher to 0.5% from 0.4%, compared to forecasts of 0.4%. Inflation in the US remains three times above the Fed's target of 2%.
2023-03-14