Annual core inflation rate in the US slowed for a second month to 6% in May of 2022, compared to expectations of 5.9%, and following a 6.2% reading in April. It is the lowest reading in four months, although there was still a broad-based increase in prices: the shelter index rose 5.5%, the largest 12-month increase since February 1991; the index for household furnishings and operations went up 8.9%; the index for new vehicles 12.6% and the one for used cars and trucks 16.1%; while airline fares jumped 37.8%. source: U.S. Bureau of Labor Statistics
Core Inflation Rate in the United States averaged 3.59 percent from 1957 until 2022, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0 percent in May of 1957. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Core Inflation Rate in the United States is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Inflation Rate is projected to trend around 2.70 percent in 2023 and 1.70 percent in 2024, according to our econometric models.