The US consumer price inflation rate climbed to 2.3 percent year-on-year in December 2019 from 2.1 percent in the previous month and in line with market consensus. That was the highest rate since October 2018, boosted by a sharp rebound in energy costs (3.4 percent vs -0.6 percent in November). Food inflation, however, eased to 1.8 percent from 2.0 percent. Additional price increases were recorded for medical care commodities, medical care services and shelter. The core inflation rate, which excludes volatile items such as food and energy, was unchanged at 2.3 percent, also in line with market forecasts. Inflation Rate in the United States averaged 3.25 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. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States is expected to be 2.00 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 2.00 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.