United States Inflation Rate  1914-2018 | Data | Chart | Calendar

Annual inflation in the US fell to 2.3 percent in September of 2018 from 2.7 percent in August and below market expectations of 2.4 percent. It is the lowest inflation rate in seven months, mainly due to a sharp slowdown in gas prices and smaller increases in fuel and shelter costs. Inflation Rate in the United States averaged 3.27 percent from 1914 until 2018, 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 Lowest in 7 Months


Annual inflation in the US fell to 2.3 percent in September of 2018 from 2.7 percent in August and below market expectations of 2.4 percent. It is the lowest inflation rate since February, mainly due to a sharp slowdown in gas prices and smaller increases in fuel and shelter costs.

Year-on-year, prices slowed for fuel oil (23.4 percent compared to 30.9 percent in August); gasoline (9.1 percent compared to 20.3 percent); and shelter (3.3 percent compared to 3.4 percent). Also, prices fell for apparel (-0.6 percent compared to -1.4 percent); electricity (-1.2 percent compared to -0.5 percent); and utility piped gas service (-1.2 percent compared to 0.1 percent). On the other hand, inflation went up for transportation services (4 percent compared to 3.9 percent); medical care services (2 percent compared to 1.9 percent); and new vehicles (0.5 percent compared to 0.3 percent) while food inflation was flat at 1.4 percent.

Excluding food and energy, core inflation was steady at 2.2 percent, the same as in August but below forecasts of 2.3 percent. 

On a monthly basis, consumer prices edged up 0.1 percent, below 0.2 percent in August and forecasts of 0.2 percent. The shelter index continued to rise and accounted for over half of the seasonally adjusted monthly increase. The energy index declined 0.5 percent in September after rising in August. The food index was unchanged, as an increase in the index for food away from home offset a decline in the food at home index.  

Excluding food and energy, core consumer prices edged up 0.1 percent, the same as in August but below forecasts of 0.2 percent. The shelter index increased 0.2 percent, and the indexes for apparel, motor vehicle insurance, recreation, and airline fares also rose. The medical care index increased as well, though its components were mixed. On the other hand, the index for used cars and trucks fell sharply, and the new vehicles index also declined.


BLS | Joana Taborda | joana.taborda@tradingeconomics.com
10/11/2018 12:49:32 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 12:30 PM Inflation Rate YoY 2.9% 2.9% 3% 2.9%
2018-09-13 12:30 PM Inflation Rate YoY 2.7% 2.9% 2.8% 2.8%
2018-10-11 12:30 PM Inflation Rate YoY 2.3% 2.7% 2.4% 2.7%
2018-11-14 01:30 PM Inflation Rate YoY 2.3% 2.3%
2018-12-12 01:30 PM Inflation Rate YoY 2.4%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.70 23.70 -15.80 percent [+]
Inflation Rate Mom 0.10 0.20 1.80 -1.80 percent [+]
Consumer Price Index CPI 251.99 251.85 251.99 23.51 Index Points [+]
Core Consumer Prices 258.44 258.14 258.44 28.50 Index Points [+]
Core Inflation Rate 2.20 2.20 13.60 0.00 percent [+]
GDP Deflator 110.27 109.37 110.27 12.85 Index Points [+]
Producer Prices 116.50 116.30 116.50 100.20 Index Points [+]
Producer Prices Change 2.60 2.80 19.57 -6.86 percent [+]
Export Prices 127.20 127.20 135.30 82.40 Index Points [+]
Import Prices 128.20 127.60 147.50 75.00 Index Points [+]
Food Inflation 1.40 1.40 36.70 -34.30 percent [+]
CPI Housing Utilities 259.94 259.88 259.94 30.50 Index Points [+]
CPI Transportation 212.41 213.48 223.54 22.30 Index Points [+]
Core Pce Price Index 110.20 110.16 110.20 16.73 Index Points [+]
Core Producer Prices 115.50 115.30 115.50 99.90 Index Points [+]
Pce Price Index 108.47 108.35 108.47 16.07 Index Points [+]
Inflation Expectations 3.00 3.00 3.40 2.42 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.70 23.70 -15.80 1914 - 2018 percent Monthly
1982-1984=100, NSA




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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