United States Inflation Rate  1914-2018 | Data | Chart | Calendar

The inflation rate in the US edged up to 2.9 percent in June of 2018 from 2.8 percent in May, matching market expectations. It is the highest rate since February of 2012 when inflation was also at 2.9 percent, due to rising prices for oil and gasoline. The last time inflation was above 2.9 percent was in December of 2011 when it reached 3 percent. Inflation Rate in the United States averaged 3.27 percent from 1914 until 2018, 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.

United States Inflation Rate
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US Inflation Rate Highest since 2012


The inflation rate in the US edged up to 2.9 percent in June of 2018 from 2.8 percent in May, matching market expectations. It is the highest rate since February of 2012 when inflation was also at 2.9 percent, due to rising prices for oil and gasoline. The last time inflation was above 2.9 percent was in December of 2011 when it reached 3 percent.

Year-on-year, prices rose faster for fuel oil (30.8 percent from 25.3 percent in May); gasoline (24.3 percent from 21.8 percent); medical care services (2.5 percent from 2.3 percent); food (1.4 percent from 1.2 percent).

On the other hand, inflation eased for shelter (3.4 percent compared to 3.5 percent); apparel (0.6 percent from 1.4 percent); medical care commodities (2.4 percent from 2.7 percent); transportation services (3.7 percent from 3.8 percent). Also, prices fell for electricity (-0.1 compared to 1 percent); utility piped gas service (-2.1 percent from -0.8 percent); used cars and trucks (-0.7 percent from -1.7 percent) and new vehicles (-0.5 percent from -1.1 percent). Core inflation which excludes food and energy eded up to 2.3 percent from 2.2 percent.

On a monthly basis, consumer prices rose 0.1 percent, below 0.2 percent in May and market expectations of 0.2 percent. The indexes for shelter, gasoline, and food all rose to lead to the increase in the all items index. The food index went up 0.2 percent in June, with the indexes for food at home and food away from home both rising 0.2 percent. Despite a 0.5-percent increase in the gasoline index, the energy index declined 0.3 percent, with the indexes for electricity and natural gas both falling. 

The index for all items less food and energy rose 0.2 percent in June, the same as in May and matching forecasts. The shelter index rose 0.1 percent, and the indexes for medical care, used cars and trucks, new vehicles, and recreation all increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in June.


BLS | Joana Taborda | joana.taborda@tradingeconomics.com
7/12/2018 1:27:43 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-10 12:30 PM Inflation Rate YoY 2.5% 2.4% 2.5% 2.5%
2018-06-12 12:30 PM Inflation Rate YoY 2.8% 2.5% 2.7% 2.6%
2018-07-12 12:30 PM Inflation Rate YoY 2.9% 2.8% 2.9% 2.9%
2018-08-10 12:30 PM Inflation Rate YoY 2.9% 2.9%
2018-09-13 12:30 PM Inflation Rate YoY 3%
2018-10-11 12:30 PM Inflation Rate YoY 3%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 2.80 23.70 -15.80 percent [+]
Inflation Rate Mom 0.10 0.20 1.80 -1.80 percent [+]
Consumer Price Index CPI 250.86 250.54 250.86 23.51 Index Points [+]
Core Consumer Prices 257.31 256.89 257.31 28.50 Index Points [+]
Core Inflation Rate 2.30 2.20 13.60 0.00 percent [+]
GDP Deflator 114.90 114.28 114.90 13.49 Index Points [+]
Producer Prices 116.40 116.10 116.40 100.20 Index Points [+]
Producer Prices Change 3.40 3.10 19.57 -6.86 percent [+]
Export Prices 128.10 127.70 135.30 82.40 Index Points [+]
Import Prices 127.70 128.20 147.50 75.00 Index Points [+]
Food Inflation 1.40 1.20 36.70 -34.30 percent [+]
CPI Housing Utilities 258.71 257.91 258.71 30.50 Index Points [+]
CPI Transportation 214.68 214.13 223.54 22.30 Index Points [+]
Core Pce Price Index 115.03 114.79 115.03 17.60 Index Points [+]
Core Producer Prices 115.30 114.90 115.30 99.90 Index Points [+]
Pce Price Index 114.76 114.52 114.76 17.12 Index Points [+]
Inflation Expectations 2.98 2.98 3.40 2.42 percent [+]


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). This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.80 23.70 -15.80 1914 - 2018 percent Monthly
1982-1984=100, NSA




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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