The annual inflation rate in the US slowed only slightly to 6.4% in January of 2023 from 6.5% in December, less than market forecasts of 6.2%. Still, it is the lowest reading since October of 2021, with energy prices rising 8.7% while food cost went up 10.1%. Although inflation has shown signs of peaking at 9.1% in June last year, it remains more than three times above the Fed's 2% target and continues to point to a broad-based advance on the general price level, particularly services and housing. In January, the CPI in the US reached 299.170. source: U.S. Bureau of Labor Statistics
Consumer Price Index CPI in the United States averaged 120.61 points from 1950 until 2023, reaching an all time high of 299.17 points in January of 2023 and a record low of 23.50 points in February of 1950. This page provides the latest reported value for - United States Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Price Index (CPI) - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Consumer Price Index CPI in the United States is expected to be 304.75 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.