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. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States averaged 3.24 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 October of 2020.
Inflation Rate in the United States is expected to be 1.60 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 1.30 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.