Annual inflation rate in the US increased to 1.4% in December of 2020, from 1.2 percent in November and slightly higher than market forecasts of 1.3%. On a monthly basis, consumer prices increased 0.4%, higher than 0.2% in November and in line with expectations, mainly driven by an 8.4% increase in the gasoline index, which accounted for more than 60% of the overall rise. The other components of the energy index were mixed, resulting in an increase of 4.0 percent for the month. The food index rose in December, as both the food at home and the food away from home indexes increased 0.4%. The core index which excludes food and energy rose 0.1% on the month and 1.4% on the year. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States averaged 3.23 percent from 1914 until 2020, 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 February of 2021.
Inflation Rate in the United States is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United States to stand at 1.50 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.