The US annual inflation rate fell to 1.7 percent in August 2019 from 1.8 percent in the previous month and below market consensus of 1.8 percent, as food prices and a range of other goods continued to increase while energy deflation deepened sharply. Inflation Rate in the United States averaged 3.26 percent from 1914 until 2019, 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 1.70 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 1.50 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

United States Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-12 12:30 PM Inflation Rate YoY May 1.8% 2% 1.9% 1.9%
2019-07-11 12:30 PM Inflation Rate YoY Jun 1.6% 1.8% 1.6% 1.7%
2019-08-13 12:30 PM Inflation Rate YoY Jul 1.8% 1.6% 1.7% 1.7%
2019-09-12 12:30 PM Inflation Rate YoY Aug 1.7% 1.8% 1.8% 1.9%
2019-10-10 12:30 PM Inflation Rate YoY Sep 1.7% 1.9%
2019-11-13 01:30 PM Inflation Rate YoY Oct 1.7%
2019-12-11 01:30 PM Inflation Rate YoY Nov 1.8%



US Inflation Rate Falls Unexpectedly in August

The US annual inflation rate fell to 1.7 percent in August 2019 from 1.8 percent in the previous month and below market consensus of 1.8 percent.

Food inflation stood at 1.7 percent in August, little-changed from 1.8 percent in July, as costs of food at home rose at a slower pace (0.5 percent vs 0.6 percent). Additional price increases were recorded for transportation services (0.9 percent vs 0.7 percent); medical care services (4.3 percent vs 3.3 percent); shelter (3.4 percent vs 3.5 percent); apparel (1.0 percent vs -0.5 percent); medical care commodities (0.1 percent vs -0.4 percent); new vehicles (0.2 percent vs 0.3 percent); and used cars and trucks (2.1 percent vs 1.5 percent).

Energy prices tumbled 4.4 percent in August, following a 2.0 percent drop in the previous month. Within energy commodities, gasoline cost declined 7.1 percent (vs -3.3 percent in July) and fuel oil went down 8.4 percent (vs -6.0 percent in July). Within energy services, electricity prices fell 0.1 percent (vs 0.5 percent in July) and utility (piped) gas service cost slid 3.5 percent (vs -2.9 percent in July).

The core inflation rate, which excludes volatile items such as food and energy, rose to 2.4 percent in August, the highest in a year and above market consensus of 2.3 percent.

On a monthly basis, consumer prices advanced 0.1 percent in August, after a 0.3 percent gain in July and in line with market forecasts. Increases in shelter and medical care prices offset a decline in energy cost.


BLS | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/12/2019 12:49:03 PM


News

US Inflation Rate Rises Above Forecast
The US annual inflation rate rose to 1.8 percent in July 2019 from a four-month low of 1.6 percent in the previous month and above market consensus of 1.7 percent, boosted by food prices and a range of other goods while energy deflation eased.
Published on 2019-08-13

US Inflation Rate Falls to 4-Month Low
The US annual inflation rate fell to 1.6 percent in June 2019 from 1.8 percent in the previous month and in line with market expectations.
Published on 2019-07-11

US Inflation Rate Falls More Than Expected
The US annual inflation rate fell to 1.8 percent in May 2019 from a five-month high in the previous month and just below forecasts of 1.9 percent, raising expectations that the Federal Reserve will start cutting interest rates this year.
Published on 2019-06-12

US Inflation Rate Rises to 5-Month High
The US annual inflation rate rose to 2 percent in April 2019 from 1.9 percent in the previous month, just below forecasts of 2.1 percent. It was the highest rate since last November, led by a rebound in energy prices.
Published on 2019-05-10



United States Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.80 23.70 -15.80 percent [+]
Inflation Rate Mom 0.10 0.30 1.80 -1.80 percent [+]
Consumer Price Index CPI 256.30 256.16 256.30 23.51 Index Points [+]
Core Consumer Prices 264.25 263.57 264.25 28.50 Index Points [+]
Core Inflation Rate 2.40 2.20 13.60 0.00 percent [+]
GDP Deflator 112.18 111.47 112.18 12.85 Index Points [+]
Producer Prices 118.60 118.50 118.60 100.20 Index Points [+]
Producer Prices Change 1.80 1.70 19.57 -6.86 percent [+]
Export Prices 125.50 126.30 135.30 82.40 Index Points [+]
Import Prices 125.10 125.70 147.50 75.00 Index Points [+]
Food Inflation 1.70 1.80 36.70 -34.30 percent [+]
CPI Housing Utilities 267.26 267.10 267.26 30.50 Index Points [+]
CPI Transportation 211.08 213.41 223.54 22.30 Index Points [+]
Core Pce Price Index 111.81 111.61 111.81 16.73 Index Points [+]
Core Producer Prices 118.20 117.80 118.20 99.90 Index Points [+]
Pce Price Index 109.85 109.62 109.85 16.07 Index Points [+]
Inflation Expectations 2.41 2.59 3.40 2.41 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.80 23.70 -15.80 1914 - 2019 percent Monthly
1982-1984=100, NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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