The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June, and below market forecasts of 8.7%. Energy CPI rose by 32.9%, after hitting a 42-year high of 41.6% in June, mainly due to a big slowdown in gasoline costs (44% vs 59.9%), fuel oil (75.6% vs 98.5%), and natural gas (30.5% vs 38.4%) while electricity prices accelerated (15.2%, the most since February 2006). Cost also slowed for new vehicles (10.4% vs 11.4%) and airline fares (27.7% vs 34.1%). On the other hand, inflation continued to march higher for food (10.9%, the largest increase since May of 1979, vs 10.4%); shelter (5.7% vs 5.6%); and used cars and trucks (6.6% vs 1.7%). Compared to the previous month, the CPI was unchanged, after hitting a 17-year high of 1.3% and also below forecasts of 0.2%. Core inflation was steady at 5.9%, beating expectations of 6.1%, and offering some support that inflation has finally peaked. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, 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 August of 2022.

Inflation Rate in the United States is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Inflation Rate is projected to trend around 1.90 percent in 2023, according to our econometric models.

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United States Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-13 12:30 PM Jun 9.1% 8.6% 8.8% 8.8%
2022-08-10 12:30 PM Jul 8.5% 9.1% 8.7% 9.1%
2022-09-13 12:30 PM Aug 8.5%


Related Last Previous Unit Reference
Inflation Rate 8.50 9.10 percent Jul 2022
Inflation Rate MoM 0.00 1.30 percent Jul 2022
Consumer Price Index CPI 296.28 296.31 points Jul 2022
Core Inflation Rate 5.90 5.90 percent Jul 2022
Core Consumer Prices 295.28 294.35 points Jul 2022
Producer Prices Change 9.80 11.30 percent Jul 2022
Export Prices 160.70 166.10 points Jul 2022
Import Prices 146.50 148.60 points Jul 2022
Food Inflation 10.90 10.40 percent Jul 2022
Services Inflation 6.25 6.22 Percent Jul 2022
Rent Inflation 5.70 5.61 Percent Jul 2022
Energy Inflation 32.93 41.62 Percent Jul 2022
CPI Trimmed-Mean 6.99 6.93 percent Jul 2022
CPI Median 6.27 5.95 percent Jul 2022
Inflation Expectations 6.20 6.80 percent Jul 2022
Pce Price Index 123.19 122.03 points Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
8.50 9.10 23.70 -15.80 1914 - 2022 percent Monthly
1982-1984=100, NSA

News Stream
US Inflation Rate Below Forecasts at 8.5%
The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June, and below market forecasts of 8.7%. Energy CPI rose by 32.9%, after hitting a 42-year high of 41.6% in June, mainly due to a big slowdown in gasoline costs (44% vs 59.9%), fuel oil (75.6% vs 98.5%), and natural gas (30.5% vs 38.4%) while electricity prices accelerated (15.2%, the most since February 2006). Cost also slowed for new vehicles (10.4% vs 11.4%) and airline fares (27.7% vs 34.1%), but inflation continued to march higher for food (10.9%, the largest increase since May of 1979, vs 10.4%); shelter (5.7% vs 5.6%); and used cars and trucks (6.6% vs 1.7%). Compared to the previous month, the CPI was unchanged, after hitting a 17-year high of 1.3% and also below forecasts of 0.2%. Core inflation was steady at 5.9%, beating expectations of 6.1%, and offering some support that inflation has finally peaked.
2022-08-10
US Inflation Rate Seen Slowing to 8.7%
The annual inflation rate in the US likely slowed to 8.7% in July of 2022 from an over 40-year high of 9.1% hit in June as prices of gasoline and airfares eased. Gasoline inflation is set to ease to 44% year-on-year in July, from 60% in June while other components including food and rents likely remained elevated. Core inflation, which strips out more volatile food and energy prices, is expected to accelerate to 6.1% from 5.9%, pausing three months of a slowdown, and confirming high inflation is spreading throughout the economy. Compared to the previous month, the CPI likely rose 0.2%, after hitting a 17-year high of 1.3%, and the core one is expected to record a smaller increase of 0.5% compared to 0.7%.
2022-08-10
US Inflation Rate Rises to 9.1%, Tops Forecasts
The annual inflation rate in the US accelerated to 9.1% in June of 2022, the highest since November of 1981, from 8.6% in May and above market forecasts of 8.8%. Energy prices rose 41.6%, the most since April 1980, boosted by gasoline (59.9%, the largest increase since March 1980), fuel oil (98.5%), electricity (13.7%, the largest increase since April 2006), and natural gas (38.4%, the largest increase since October 2005). Food costs surged 10.4%, the most since February 1981, with food at home jumping 12.2%, the most since April 1979. Prices also increased significantly for shelter (5.6%, the most since February 1991), household furnishings and operations (9.5%), new vehicles (11.4%), used cars and trucks (1.7%), and airline fares (34.1%). Core CPI which excludes food and energy increased 5.9%, slightly below 6% in May, but above forecasts of 5.7%.
2022-07-13