Annual inflation rate in the US increased to 2.5 percent in October of 2018 from 2.3 percent in September. Figures match market expectations, mainly due to prices of fuel oil and gasoline. On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and matching forecasts. It is the highest monthly gain in nine months, mainly due to gasoline. Inflation Rate in the United States averaged 3.27 percent from 1914 until 2018, 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.

United States Inflation Rate
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US Inflation Rate Rises to 2.5%, Matches Forecasts


Annual inflation rate in the US increased to 2.5 percent in October of 2018 from 2.3 percent in September. Figures match market expectations, mainly due to prices of fuel oil and gasoline. On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and matching forecasts. It is the highest monthly gain in nine months, mainly due to gasoline.

Year-on-year, prices rose faster for fuel oil (26.2 percent compared to 23.4 percent in September); gasoline (16.1 percent compared to 9.1 percent); and rebounded for electricity (0.7 percent compared to -1.2 percent). On the other hand, inflation slowed for shelter (3.2 percent compared to 3.3 percent); transportation services (3.8 percent compared to 4 percent); food (1.2 percent compared to 1.4 percent); medical care services (1.9 percent compared to 2 percent); and was steady for new vehicles (0.5 percent, the same as in September). Also, prices fell for apparel (-0.4 percent compared to -0.6 percent); and utility piped gas service (-2.1 percent compared to -1.2 percent).  

Excluding food and energy, core inflation edged down to 2.1 percent from 2.2 percent, below forecasts of 2.2 percent. 

On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and in line with forecasts. An increase in the gasoline index was responsible for over one-third of the increase; advances in the indexes for shelter, used cars and trucks, and electricity also contributed. The increases in the gasoline and electricity indexes led to a 2.4 percent rise in the energy index. The food index, in contrast, declined slightly in October. 

Excluding food and energy, core consumer prices edged up 0.2 percent, following a 0.1 percent gain in September and matching forecasts. Along with the indexes for shelter and for used cars and trucks, the indexes for medical care, household furnishings and operations, motor vehicle insurance, and tobacco all increased in October. The indexes for communication, new vehicles, and recreation all declined. 


BLS | Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2018 1:46:15 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 12:30 PM Inflation Rate YoY 2.7% 2.9% 2.8% 2.8%
2018-10-11 12:30 PM Inflation Rate YoY 2.3% 2.7% 2.4% 2.7%
2018-11-14 01:30 PM Inflation Rate YoY 2.5% 2.3% 2.5% 2.4%
2018-12-12 01:30 PM Inflation Rate YoY 2.5% 2.4%


United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.30 23.70 -15.80 percent [+]
Inflation Rate Mom 0.30 0.10 1.80 -1.80 percent [+]
Consumer Price Index CPI 252.83 251.99 252.83 23.51 Index Points [+]
Core Consumer Prices 258.94 258.44 258.94 28.50 Index Points [+]
Core Inflation Rate 2.10 2.20 13.60 0.00 percent [+]
GDP Deflator 110.65 110.27 110.65 12.85 Index Points [+]
Producer Prices 117.20 116.50 117.20 100.20 Index Points [+]
Producer Prices Change 2.90 2.60 19.57 -6.86 percent [+]
Export Prices 127.20 127.20 135.30 82.40 Index Points [+]
Import Prices 128.20 127.60 147.50 75.00 Index Points [+]
Food Inflation 1.20 1.40 36.70 -34.30 percent [+]
CPI Housing Utilities 260.27 259.94 260.27 30.50 Index Points [+]
CPI Transportation 213.48 212.41 223.54 22.30 Index Points [+]
Core Pce Price Index 110.37 110.21 110.37 16.73 Index Points [+]
Core Producer Prices 116.10 115.50 116.10 99.90 Index Points [+]
Pce Price Index 108.60 108.47 108.60 16.07 Index Points [+]
Inflation Expectations 3.00 3.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.30 23.70 -15.80 1914 - 2018 percent Monthly
1982-1984=100, NSA




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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