Annual inflation rate in the US increased to 2.5 percent in October of 2018 from 2.3 percent in September. Figures match market expectations, mainly due to prices of fuel oil and gasoline. On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and matching forecasts. It is the highest monthly gain in nine months, mainly due to gasoline. 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.
Inflation Rate in the United States is expected to be 2.40 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 2.40 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.