Core inflation in the United States edged up to 2.2 percent in July 2019, the highest since January, from 2.1 percent in June and slightly above market consensus of 2.1 percent. Core Inflation Rate in the United States averaged 3.61 percent from 1957 until 2019, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0 percent in May of 1957.
Core Inflation Rate in the United States is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in the United States to stand at 1.80 in 12 months time. In the long-term, the United States Core Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.