US core consumer price inflation rate, which excludes volatile items such as food and energy, decreased to 1.2 percent year-on-year in May 2020 from 1.4 percent in the previous month and below market expectations of 1.3 percent. It was the lowest rate since March 2011 amid efforts to contain the rapid spread of the coronavirus pandemic.
Core Inflation Rate in the United States averaged 3.59 percent from 1957 until 2020, 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 July of 2020. source: U.S. Bureau of Labor Statistics
Core Inflation Rate in the United States is expected to be 1.10 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 1.20 in 12 months time. In the long-term, the United States Core Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.70 percent in 2022, according to our econometric models.