United States Inflation Rate  1914-2017 | Data | Chart | Calendar

Consumer prices in the US increased 1.9 percent year-on-year in August of 2017, above 1.7 percent in July and market expectations of 1.8 percent. It is the highest reading in three months, due to rising shelter and gasoline cost as Hurricane Harvey shut down refineries along the Gulf coast. The monthly rate went up to 0.4 percent, the highest since January and above forecasts of 0.3 percent. Inflation Rate in the United States averaged 3.28 percent from 1914 until 2017, 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.

United States Inflation Rate
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US Inflation Rate at 3-Month High of 1.9%


Consumer prices in the US increased 1.9 percent year-on-year in August of 2017, above 1.7 percent in July and market expectations of 1.8 percent. It is the highest reading in three months, due to rising shelter and gasoline cost as Hurricane Harvey shut down refineries in the Gulf coast. The monthly rate went up to 0.4 percent, the highest since January and above forecasts of 0.3 percent.

Year-on-year, energy prices jumped 6.4 percent, following a 3.4 percent rise in July. Main increases were reported for gasoline (10.4 percent from 3 percent) and fuel oil (9.4 percent from 3.6 percent) while prices rose less for electricity (2.3 percent from 2.6 percent) and utility piped gas service (5.4 percent from 7.5 percent). Additional upward pressure came from shelter (3.3 percent from 3.2 percent) and transportation services (3.5 percent from 3.2 percent). Food inflation was steady at 1.1 percent while inflation slowed for medical care commodities (2.4 percent from 3.7 percent) and medical care services (1.6 percent from 2.3 percent).

In contrast, prices continued to fall for for new vehicles (-0.7 percent from -0.6 percent), used cars and trucks (-3.8 percent from -4.1 percent) and apparel (-0.6 percent from -0.4 percent).

Core inflation rate which excludes prices of food and energy remained at a two-year low of 1.7 percent, the same as in the previous three months but above market expectations of 1.6 percent.  

On a monthly basis, increases in the indexes for gasoline and shelter accounted for nearly all of the CPI increase. The energy index rose 2.8 percent as the gasoline index increased 6.3 percent. The shelter index rose 0.5 percent in August with the rent index up 0.4 percent. The food index rose slightly in August, with the index for food away from home increasing and the food at home index declining.

Excluding food and energy, consumer prices rose 0.2 percent. Along with the shelter index, the indexes for motor vehicle insurance, medical care, and recreation all increased in August. The indexes for airline fares and for used cars and trucks were among those that declined in August.  

BLS | Joana Taborda | joana.taborda@tradingeconomics.com
9/14/2017 1:00:49 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-14 12:30 PM Inflation Rate YoY 1.6% 1.9% 1.7% 1.8%
2017-08-11 12:30 PM Inflation Rate YoY 1.7% 1.6% 1.8% 1.7%
2017-09-14 12:30 PM Inflation Rate YoY 1.9% 1.7% 1.8% 1.8%
2017-10-13 12:30 PM Inflation Rate YoY 1.9% 2%
2017-11-15 01:30 PM Inflation Rate YoY 1.9%
2017-12-13 01:30 PM Inflation Rate YoY 2%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.70 23.70 -15.80 percent [+]
Inflation Rate Mom 0.40 0.10 1.80 -1.80 percent [+]
Consumer Price Index CPI 245.03 244.05 245.03 23.51 Index Points [+]
Core Consumer Prices 252.54 251.91 252.54 28.50 Index Points [+]
Core Inflation Rate 1.70 1.70 13.60 0.00 percent [+]
GDP Deflator 113.02 112.75 113.02 13.49 Index Points [+]
Producer Prices 112.90 112.70 112.90 100.20 Index Points [+]
Producer Prices Change 2.40 1.90 19.57 -6.86 percent [+]
Export Prices 122.90 122.20 135.30 82.40 Index Points [+]
Import Prices 123.00 122.30 147.50 75.00 Index Points [+]
Food Inflation 1.10 1.10 36.70 -34.30 percent [+]
Pce Price Index 112.38 112.29 112.38 17.12 Index Points [+]
Inflation Expectations 2.49 2.54 3.40 2.42 percent [+]
CPI Housing Utilities 252.62 251.87 252.62 30.50 Index Points [+]
CPI Transportation 200.65 199.47 223.54 22.30 Index Points [+]
Core Pce Price Index 113.08 112.98 113.08 17.60 Index Points [+]


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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.70 23.70 -15.80 1914 - 2017 percent Monthly
1982-1984=100, NSA




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17