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.

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United States Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.20 23.70 -15.80 1914 - 2020 percent Monthly
1982-1984=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-13 12:30 PM Sep 1.4% 1.3% 1.4% 1.5%
2020-11-12 01:30 PM Oct 1.2% 1.4% 1.3% 1.5%
2020-12-10 01:30 PM Nov 1.2% 1.2% 1.1% 1.2%
2021-01-13 01:30 PM Dec 1.4% 1.2% 1.3% 1.2%
2021-02-10 01:30 PM Jan 1.4% 1.5% 1.3%
2021-03-10 01:30 PM Feb
2021-04-13 12:30 PM Mar
2021-05-12 12:30 PM Apr


News Stream
US Inflation Rate Above Forecasts
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.
2021-01-13
US Inflation Rate Slightly Above Forecasts
Annual inflation rate in the US was unchanged at 1.2% in November of 2020, the same as in October and slightly higher than market forecasts of 1.1%. Prices increased faster for new vehicles (1.6% vs 1.5%) but slowed for food (3.7% vs 3.9%), shelter (1.9% vs 2%) and used cars and trucks (10.9% vs 11.5%). Also, cost of medical care commodities (-1.1% vs -0.8% in September) and energy (-9.4% vs -9.2%) declined further (-9.4% vs -9.2%) while deflation softened for transportation services (-3.4% vs -5.1%) and apparel (-5.2% vs -5.5%). On a monthly basis, consumer prices increased 0.2%, higher than a flat reading in October and expectations of 0.1%. The core index which excludes food and energy rose 0.2% on the month and 1.6% on the year.
2020-12-10
US Inflation Rate Falls More than Expected
Annual inflation rate in the US fell to 1.2% in October of 2020 from 1.4% in the previous month and below market expectations of 1.3%. The rate remains well below 2.3% in February before the coronavirus pandemic hit. Cost of medical care commodities dropped (-0.8% vs 0.9% in September); and energy prices declined further (-9.2% vs -7.7%). Also, cost of transportation services continued to fall (-5.1%, the same as in August). On the other hand, inflation was steady for food (at 3.9%) and shelter (at 2%) while deflation for apparel softened (-5.5% vs -6%). In addition, prices advanced at a faster pace for cars and trucks (11.5% vs 10.3%) and new vehicles (1.5% vs 1%). On a monthly basis, consumer prices were unchanged, after increasing 0.2% in the prior month and compared with forecasts of a 0.1% gain. Annual core inflation unexpectedly slowed to 1.6% while the monthly index was down unchanged.
2020-11-12
US Inflation Rate at 6-Month High
Annual inflation rate in the US edged up to 1.4% in September of 2020 from 1.3% in August, in line with expectations and reaching the highest since March. Inflation has been rising consistently since hitting 0.1% in May, the lowest since September of 2015, due to the coronavirus crisis. Still, it remains well below 2.3% in February before the pandemic. Cost for used cars and trucks surged (10.3% vs 4% in August), prices for new vehicles (1% vs 0.7%), and medical care commodities (0.9% vs 0.8%) increased faster and energy cost dropped less (-7.7% vs -9%). On the other hand, inflation for food (3.9% vs 4.1%), shelter (2% vs 2.3%) and medical care commodities (0.9% vs 0.8%) slowed and the deflation deepened for apparel (-6% vs -5.9%) and transportation services (-5.1% vs -4%). On a monthly basis, consumer prices rose 0.2%, below 0.4% in August and also matching forecasts. Prices of used cars and trucks continued to rise sharply and made the largest upward contribution.
2020-10-13

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).