Core consumer prices in the United States, excluding volatile items such as food and energy, increased by 2.1 percent year-on-year in October 2018, following a 2.2 percent rise in the prior month and matching market consensus. It is the lowest annual core inflation rate since April. Core Inflation Rate in the United States averaged 3.63 percent from 1957 until 2018, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0 percent in May of 1957.
Core Inflation Rate in the United States is expected to be 2.30 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 2.20 in 12 months time. In the long-term, the United States Core Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.