The US annual inflation rate rose to 2 percent in April 2019 from 1.9 percent in the previous month, just below forecasts of 2.1 percent. It was the highest rate since last November, led by a rebound in energy prices. The core inflation rate, which excludes volatile items such as food and energy, edged up to 2.1 percent from 2 percent in March, matching market expectations. Inflation Rate in the United States averaged 3.26 percent from 1914 until 2019, 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.

Inflation Rate in the United States is expected to be 1.80 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 1.80 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

United States Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 01:30 PM Inflation Rate YoY 1.6% 1.9% 1.5% 1.9%
2019-03-12 12:30 PM Inflation Rate YoY 1.5% 1.6% 1.6% 1.6%
2019-04-10 12:30 PM Inflation Rate YoY 1.9% 1.5% 1.8% 1.7%
2019-05-10 12:30 PM Inflation Rate YoY 2% 1.9% 2.1% 1.9%
2019-06-12 12:30 PM Inflation Rate YoY 2% 1.9%
2019-07-11 12:30 PM Inflation Rate YoY 1.8%
2019-08-13 12:30 PM Inflation Rate YoY 1.8%



US Inflation Rate Rises to 5-Month High

The US annual inflation rate rose to 2 percent in April 2019 from 1.9 percent in the previous month, just below forecasts of 2.1 percent. It was the highest rate since last November, led by a rebound in energy prices.

Energy prices surged 1.7 percent, reversing a 0.4 percent fall in the previous month. Within energy commodities, prices of gasoline jumped 3.1 percent (vs -0.7 percent in March) while those of fuel oil went down 0.9 percent (vs -0.4 percent in March). Within energy services, electricity prices advanced 0.6 percent, after rising 0.3 percent in the previous period, while utility (piped) gas service cost dropped 1.9 percent (vs -1.4 percent in March). Additional upward pressure came from: medical care commodities (0.2 percent vs -0.6 percent); transportation services (1.1 percent vs 1 percent); new vehicles (1.2 percent vs 0.7 percent); and used cars and trucks (0.8 percent vs 0.4 percent).

Meanwhile, food inflation slowed to 1.8 percent from 2.1 percent in March, due in particular to food at home (0.7 percent vs 1.4 percent) while costs of food away from home rose faster (3.1 percent vs 3 percent). Inflation was unchanged for shelter (at 3.4 percent) and medical care services (at 2.3 percent), while apparel prices continued to fall (-3.0 percent vs -2.2 percent).

The core inflation rate, which excludes volatile items such as food and energy, edged up to 2.1 percent in April from 2 percent in March, matching market consensus.

On a monthly basis, consumer prices rose 0.3 percent in April, easing from a 0.4 percent gain in March, which was the biggest advance since January 2018. Energy prices continued to increase sharply (2.9 percent vs 3.5 percent) due to gasoline (5.7 percent vs 6.5 percent) and fuel oil (1.3 percent vs 2.1 percent). By contrast, food costs dropped for the first time since June 2017. Excluding food and energy, the indexes for shelter, medical care, education, and new vehicles all rose in April. The indexes for used cars and trucks, apparel, and household furnishings and operations were among those that declined over the month.


BLS | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/10/2019 12:47:08 PM



United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.90 23.70 -15.80 percent [+]
Inflation Rate Mom 0.30 0.40 1.80 -1.80 percent [+]
Consumer Price Index CPI 254.96 254.15 254.96 23.51 Index Points [+]
Core Consumer Prices 261.74 261.37 261.74 28.50 Index Points [+]
Core Inflation Rate 2.10 2.00 13.60 0.00 percent [+]
GDP Deflator 111.37 111.19 111.37 12.85 Index Points [+]
Producer Prices 118.10 117.90 118.10 100.20 Index Points [+]
Producer Prices Change 2.20 2.20 19.57 -6.86 percent [+]
Export Prices 127.30 127.00 135.30 82.40 Index Points [+]
Import Prices 126.90 126.60 147.50 75.00 Index Points [+]
Food Inflation 1.80 2.10 36.70 -34.30 percent [+]
CPI Housing Utilities 264.45 263.89 264.45 30.50 Index Points [+]
CPI Transportation 214.14 208.84 223.54 22.30 Index Points [+]
Core Pce Price Index 111.13 111.08 111.13 16.73 Index Points [+]
Core Producer Prices 117.30 117.20 117.30 99.90 Index Points [+]
Pce Price Index 109.22 109.00 109.22 16.07 Index Points [+]
Inflation Expectations 2.60 2.82 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.90 23.70 -15.80 1914 - 2019 percent Monthly
1982-1984=100, NSA




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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