The US consumer price inflation rate picked up to 1.0 percent year-on-year in July 2020, recovering further from May's four-and-a-half-year low and beating market expectations of 0.8 percent. Energy prices dropped 11.2 percent (vs -12.6 percent in June), as the declines in gasoline and fuel oil cost eased following the lifting of coronavirus-induced restrictions. At the same time, food prices rose 4.1 percent (vs 4.5 percent in June) boosted by cost for food away from home (3.4 percent vs 3.1 percent). Additional upward pressure came from new vehicles (0.5 percent vs -0.2 percent), medical care commodities (1.1 percent vs 1.3 percent), shelter (2.3 percent vs 2.4 percent) and medical care services (5.9 percent vs 6.0 percent). However, deflation was recorded for used cars and trucks (-0.9 percent vs -2.8 percent), apparel (-6.5 percent vs -7.3 percent) and transportation services (-3.7 percent vs -7.0 percent).

Inflation Rate in the United States averaged 3.24 percent from 1914 until 2020, 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 2020. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States is expected to be 0.20 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 0.10 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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United States Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.60 23.70 -15.80 1914 - 2020 percent Monthly
1982-1984=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-12 12:30 PM Apr 0.3% 1.5% 0.4% 0.5%
2020-06-10 12:30 PM May 0.1% 0.3% 0.2% 0.2%
2020-07-14 12:30 PM Jun 0.6% 0.1% 0.6% 0.5%
2020-08-12 12:30 PM Jul 1% 0.6% 0.8% 0.7%
2020-09-11 12:30 PM Aug 1% 0.7%
2020-10-13 12:30 PM Sep 0.2%
2020-11-12 01:30 PM Oct 0.6%
2020-12-10 01:30 PM Nov 0.8%


News Stream
US Inflation Rate Beats Forecasts in July
The US consumer price inflation rate picked up to 1.0 percent year-on-year in July 2020, recovering further from May's four-and-a-half-year low and beating market expectations of 0.8 percent. Energy prices dropped 11.2 percent (vs -12.6 percent in June), as the declines in gasoline and fuel oil cost eased following the lifting of coronavirus-induced restrictions. At the same time, food prices rose 4.1 percent (vs 4.5 percent in June) boosted by cost for food away from home (3.4 percent vs 3.1 percent). Additional upward pressure came from new vehicles (0.5 percent vs -0.2 percent), medical care commodities (1.1 percent vs 1.3 percent), shelter (2.3 percent vs 2.4 percent) and medical care services (5.9 percent vs 6.0 percent). However, deflation was recorded for used cars and trucks (-0.9 percent vs -2.8 percent), apparel (-6.5 percent vs -7.3 percent) and transportation services (-3.7 percent vs -7.0 percent).
2020-08-12
US Inflation Rate Highest in 3 Months
Annual inflation rate in the US increased to 0.6% in June of 2020 from May's four-and-a-half-year low of 0.1% and matching market forecasts. It is the highest reading in three months as businesses reopened after the coronavirus lockdown. Food inflation accelerated to 4.5% (vs 4% in May), the strongest since December of 2011, with food at home prices jumping 5.6% (vs 4.8%. Prices also increased faster for medical care services (6% vs 5.9%). Moreover, smaller decreases were seen in gasoline cost (-23.4% vs -33.8%), apparel (-7.3% vs -7.9%) and transportation services (-7% vs -8.7%). In contrast, shelter cost rose slightly less (2.4% vs 2.5%). On a monthly basis, prices went up 0.6 percent, the most since August of 2012, with a 12.3 percent surge in gasoline prices accounting for over half of the monthly increase. Annual core inflation which excludes food and energy was unchanged at 1.2% and the monthly rate increased to 0.2%.
2020-07-14
US Inflation Rate Lowest since 2015
The annual inflation rate in the US eased to 0.1% in May of 2020 from 0.3% in April and below forecasts of 0.2%. It is the lowest inflation rate since September of 2015, mainly due to a 33.8% plunge in gasoline cost. Also, prices of apparel went down 7.9% and transportation services declined 8.7% as many stores remained closed and Americans were forced to stay at home due to coronavirus lockdown restrictions. On the other hand, food inflation accelerated to 4%, the highest since January of 2012, with food at home prices jumping 4.8%. On a monthly basis, consumer prices were down 0.1% after falling 0.8% in April and compared to forecasts of a flat reading. Declines in the indexes for motor vehicle insurance, energy, and apparel more than offset increases in food and shelter indexes. Annual core inflation slowed to 1.2% while the monthly index was down 0.1%.
2020-06-10
US Inflation Rate Falls to 0.3%, Lowest since 2015
Annual inflation rate in the US eased to 0.3% in April of 2020 from 1.5% in March and below market expectations of 0.4%. It is the lowest inflation rate since October of 2015, mainly due to a 32% plunge in gasoline prices. In April, oil prices turned negative for the first time in history amid storage and oversupply concerns. Also, coronavirus lockdown restrictions led to a 5.7% drop in cost of apparel and a 5.5% fall in cost of transportation services. On the other hand, cost of food increased 3.5%, the highest rate since February of 2012. On a monthly basis, consumer prices declined 0.8%, the largest drop since December of 2008, mainly due to a 20.6% fall in gasoline prices although the indexes for apparel, motor vehicle insurance, airline fares, and lodging away from home all fell sharply as well. Excluding food and energy, core inflation eased to 1.4%, the lowest rate since April of 2011.
2020-05-12

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).