The annual inflation rate in the US slowed for a 4th month to 7.7% in October, the lowest since January, and below forecasts of 8%. It compares with 8.2% in September. Energy cost increased 17.6%, below 19.8% in September, due to gasoline (17.5% vs 18.2%) and electricity (14.1% vs 15.5%). A slowdown was also seen in food (10.9% vs 11.2%) and used cars and trucks (2% vs 7.2%). On the other hand, prices for shelter (6.9% vs 6.6%) and fuel oil (68.5% vs 58.1%) increased faster. Compared to the previous month, the CPI rose 0.4%, below expectations of 0.6%. Shelter contributed over half of the increase (0.8%) and gasoline rose 4%, after falling in the previous 3 months. At the same time, cost of medical care services (-0.6%) and commodities (0%) pushed the CPI down. Still, figures continue to point to strong inflationary pressures and a broad price increase across the economy, mainly in the services sector while prices of goods have benefited from some improvements in supply chains. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.29 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 December of 2022.

Inflation Rate in the United States is expected to be 7.40 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-13 12:30 PM Sep 8.2% 8.3% 8.1% 8.2%
2022-11-10 01:30 PM Oct 7.7% 8.2% 8% 8.1%
2022-12-13 01:30 PM Nov 7.7% 7.6%


Related Last Unit Reference
Inflation Rate 7.70 percent Oct 2022
Inflation Rate MoM 0.40 percent Oct 2022
Consumer Price Index CPI 298.01 points Oct 2022
Core Inflation Rate 6.30 percent Oct 2022
Core Consumer Prices 299.47 points Oct 2022
Producer Prices Change 8.00 percent Oct 2022
Export Prices 155.50 points Oct 2022
Import Prices 142.70 points Oct 2022
Food Inflation 10.90 percent Oct 2022
Energy Inflation 17.60 Percent Oct 2022
Services Inflation 7.20 Percent Oct 2022
Rent Inflation 6.90 Percent Oct 2022
Inflation Expectations 5.90 percent Oct 2022
Pce Price Index 124.55 points Oct 2022
CPI Trimmed-Mean 6.95 percent Oct 2022
CPI Median 7.00 percent Oct 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% of total weight); Energy (8%); Commodities Less Food & Energy Commodities (21%) and Services Less Energy Services (57%). The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%).
Actual Previous Highest Lowest Dates Unit Frequency
7.70 8.20 23.70 -15.80 1914 - 2022 percent Monthly
1982-1984=100, NSA

News Stream
US Inflation Rate Below Forecasts
The annual inflation rate in the US slowed for a 4th month to 7.7% in October, the lowest since January, and below forecasts of 8%. It compares with 8.2% in September. Energy cost increased 17.6%, below 19.8% in September, due to gasoline (17.5% vs 18.2%) and electricity (14.1% vs 15.5%). A slowdown was also seen in food (10.9% vs 11.2%) and used cars and trucks (2% vs 7.2%). On the other hand, prices for shelter (6.9% vs 6.6%) and fuel oil (68.5% vs 58.1%) increased faster. Compared to the previous month, the CPI rose 0.4%, below expectations of 0.6%. Shelter contributed over half of the increase (0.8%) and gasoline rose 4%, after falling in the previous 3 months. At the same time, cost of medical care services (-0.6%) and commodities (0%) pushed the CPI down. Still, figures continue to point to strong inflationary pressures and a broad price increase across the economy, mainly in the services sector while prices of goods have benefited from some improvements in supply chains.
2022-11-10
US Inflation Rate Seen Slowing Only Slightly to 8%
The annual inflation rate in the US likely slowed for a fourth month to 8% in October, which would mark a new low since February, compared to 8.2% in September. Core CPI, which strips out volatile food and energy, is expected to have risen by an annual 6.5%, slightly less than the 40-year high of 6.6% in September. Compared to the previous month, however, the CPI is seen rising to 0.6%, the most in four months, as gasoline prices inched up. The core index is forecasted to have risen 0.5%, only slightly below 0.6% in the previous month. The new figures are likely to continue to point to strong inflationary pressures and a broad price increase across the economy, mainly in the services sector while prices of goods have benefited from some improvements in supply chains. However, a fall in retained earnings by insurance companies this year due to high rates of health care utilization in 2021 and robust profit margins from 2020, could push health costs lower and inflation down from October.
2022-11-10
US Inflation Rate Expected to Remain High
The annual inflation rate in the US is set to moderate only slightly to 8% in October from 8.2% reported in the previous month. Also, the core rate is likely to drop to 6.5% from a 40-year high of 6.6%. At the same time, the monthly gauge is projected to accelerate to 0.6% from 0.4% in September as gasoline prices rose for the first time in four months. In September, the inflation rate was reported at 8.2%, the lowest in seven months, compared to 8.3% in August but above market forecasts of 8.1%. The energy index increased 19.8%, below 23.8% in August, due to gasoline (18.2% vs 25.6%), fuel oil (58.1% vs 68.8%) and electricity (15.5% vs 15.8% which was the highest since 1981). A small slowdown was also seen in the cost of food (11.2% vs 11.4% which was the highest since 1979) and used cars and trucks (7.2% vs 7.8%). On the other hand, prices for shelter increased faster (6.6% vs 6.2%).
2022-11-10