Annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022, the highest since December of 1981 and compared to market forecasts of 8.3%. Energy prices rose 34.6%, the most since September of 2005, due to gasoline (48.7%), fuel oil (106.7%, the largest increase on record), electricity (12%, the largest 12-month increase since August 2006), and natural gas (30.2%, the most since July 2008). Food costs surged 10.1%, the first increase of 10% or more since March 1981. Big increases were seen in prices of meats, poultry, fish, and eggs (14.2%). Other increases were also seen in cost of shelter (5.5%, the most since February 1991), household furnishings and operations (8.9%), used cars and trucks (16.1%) and airline fares (37.8%) while cost of new vehicles eased slightly (12.6% vs 13.2%). Meanwhile, core inflation rate slowed for a second month to 6%, compared to expectations of 5.9%. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.27 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 June of 2022.

Inflation Rate in the United States is expected to be 8.40 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
2022-05-11 12:30 PM Apr 8.3% 8.5% 8.1% 8.2%
2022-06-10 12:30 PM May 8.6% 8.3% 8.3% 8.3%
2022-07-13 12:30 PM Jun 8.6%


Related Last Previous Unit Reference
Inflation Rate 8.60 8.30 percent May 2022
Inflation Rate Mom 1.00 0.30 percent May 2022
Consumer Price Index CPI 292.30 289.11 points May 2022
Core Consumer Prices 292.29 290.46 points May 2022
Core Inflation Rate 6.00 6.20 percent May 2022
Producer Prices Change 10.80 10.90 percent May 2022
Export Prices 165.30 160.80 points May 2022
Import Prices 148.40 147.50 points May 2022
Food Inflation 10.10 9.40 percent May 2022
Energy Inflation 34.60 30.27 Percent May 2022
Services Inflation 5.74 5.37 Percent May 2022
Rent Inflation 5.45 5.14 Percent May 2022
Inflation Expectations 6.60 6.30 percent May 2022
CPI Trimmed-mean 6.53 6.16 percent May 2022
CPI Median 5.53 5.23 percent May 2022
Pce Price Index 121.32 121.02 points Apr 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
8.60 8.30 23.70 -15.80 1914 - 2022 percent Monthly
1982-1984=100, NSA

News Stream
US Inflation Rate Accelerates to 1981-Highs
Annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022, the highest since December of 1981 and compared to market forecasts of 8.3%. Energy prices rose 34.6%, the most since September of 2005, due to gasoline (48.7%), fuel oil (106.7%, the largest increase on record), electricity (12%, the largest 12-month increase since August 2006), and natural gas (30.2%, the most since July 2008). Food costs surged 10.1%, the first increase of 10% or more since March 1981. Big increases were seen in prices of meats, poultry, fish, and eggs (14.2%). Other increases were also seen in cost of shelter (5.5%, the most since February 1991), household furnishings and operations (8.9%), used cars and trucks (16.1%) and airline fares (37.8%) while cost of new vehicles eased slightly (12.6% vs 13.2%). Meanwhile, core inflation rate slowed for a second month to 6%, compared to expectations of 5.9%.
2022-06-10
US Inflation Rate Seen Steady at 8.3%
The annual inflation rate in the US likely stayed unchanged at 8.3% in May and remained only slightly below a 41-year high of 8.5% in March. The core inflation rate is seen falling to 5.9% from 6.2%, a sign that price pressures might have peaked. The monthly rate, however, is expected to have risen to 0.7% from 0.3%, prompted by a nearly 8% increase in gasoline prices during the month. The inflation rate is expected to remain above the Fed target of 2% for a long time, due to the robust demand, high energy prices, persistent supply constraints most recently exuberated by COVID-19 restrictions in China
2022-06-10
Week Ahead
Next week investors will be looking for signs that the stock market is bottoming with earnings results from retailers including Costco, Macy’s, Nordstrom, and Best Buy taking center stage. Meanwhile, key data to watch include flash PMI surveys for major economies and personal spending and income for the US. Also, Federal Reserve will be publishing May meeting minutes and central banks in New Zealand, South Korea, Indonesia, and Turkey will be deciding on the monetary policy.
2022-05-22

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