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%.

Inflation Rate in the United States averaged 3.25 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 July of 2020. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States is expected to be 0.50 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 0.40 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
0.10 0.30 23.70 -15.80 1914 - 2020 percent Monthly
1982-1984=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-11 12:30 PM Feb 2.3% 2.5% 2.2% 2.3%
2020-04-10 12:30 PM Mar 1.5% 2.3% 1.6% 1.5%
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 0.1% 0.5%
2020-08-12 12:30 PM Jul 0.4%
2020-09-11 12:30 PM Aug 0.3%
2020-10-13 12:30 PM Sep 0.2%


News Stream
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
US Inflation Rate Falls More than Expected
Annual inflation rate in the US fell to 1.5% in March of 2020 from 2.3% in February and slightly lower than market expectations of 1.6%. It is the lowest inflation rate since February of 2019, mainly due to a 10.2% slump in gasoline costs (5.2% in February) and a 1.6% drop in apparel prices (vs -0.9%). Prices of shelter also slowed (3% vs 3.3%) while food inflation edged up (1.9% vs 1.8%). On a monthly basis, consumer prices fell 0.4%, after a 0.1% gain in February and worse than expectations of a 0.3% decline. It is the largest monthly drop since January of 2015, mainly due to a 10.5% slump in gasoline prices while decreases in airline fares, lodging away from home, and apparel also contributing. In contrast, increases were seen in prices of food, medical care, used cars and trucks, motor vehicle insurance, and education. Core consumer prices rose 2.1% year-on-year but fell 0.1% month-over-month, its first monthly decline since January of 2010.
2020-04-10
US Inflation Rate Above Forecasts at 2.3%
Annual inflation rate in the US eased to 2.3% in February of 2020 from 2.5% in January which was the highest rate since October of 2018. Figures came slightly higher than market expectations of 2.2%. Gasoline prices rose 5.2%, well below a 12.8% jump in January while inflation was steady for both shelter (3.3%) and food (1.8%). On a monthly basis, consumer prices edged up 0.1%, the same as in January and compared to forecasts of a flat reading. Main upward pressure came from cost of shelter (0.3%) and food (0.4%), with the food at home index rising 0.5%, its largest monthly increase since May of 2014. Those rises more than offset a 2% drop in energy cost, namely gasoline (-3.4%) and fuel oil (-8.5%). Other increases were also seen for prices of apparel, personal care, used cars and trucks, education, and medical care while cost of recreation and airline fares declined over the month. Excluding food and energy, prices rose 2.4% over the year and 0.2% on a monthly basis.
2020-03-11

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).