The annual inflation rate in the US jumped to 2.6% in March of 2021 from 1.7% in February, slightly above market forecasts of 2.5%. It is the highest reading since August of 2018 with main upward pressure coming from energy (13.2% vs 3.7% in February), namely gasoline (22.5% vs 1.6%), electricity (2.5% vs 2.3%) and utility gas service (9.8% vs 6.7%). Prices also accelerated for used cars and trucks (9.4% vs 9.3%), shelter (1.7% vs 1.5%) and new vehicles (1.5% vs 1.2%) while inflation slowed for medical care services (2.7% vs 3%) and food (3.5% vs 3.6%). Also, cost of apparel continued to fall (-2.5% vs -3.6%). The effects of the coronavirus pandemic are weighing on prices since in March 2020 many businesses closed and lockdowns were imposed, denting economic activity. Also, a jump in commodities and material costs, coupled with supply constraints, are pushing producer prices up and some companies are passing those costs to clients. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States averaged 3.23 percent from 1914 until 2021, 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 May of 2021.

Inflation Rate in the United States is expected to be 3.00 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 2.20 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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United States Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 1.70 23.70 -15.80 1914 - 2021 percent Monthly
1982-1984=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 01:30 PM Dec 1.4% 1.2% 1.3% 1.2%
2021-02-10 01:30 PM Jan 1.4% 1.4% 1.5% 1.4%
2021-03-10 01:30 PM Feb 1.7% 1.4% 1.7% 1.6%
2021-04-13 12:30 PM Mar 2.6% 1.7% 2.5% 2.6%
2021-05-12 12:30 PM Apr 2.6% 3.6% 3.8%
2021-06-10 12:30 PM May
2021-07-13 12:30 PM Jun
2021-08-11 12:30 PM Jul


News Stream
US Inflation Rate Highest since 2018
The annual inflation rate in the US jumped to 2.6% in March of 2021 from 1.7% in February, slightly above market forecasts of 2.5%. It is the highest reading since August of 2018 with main upward pressure coming from energy (13.2% vs 3.7% in February), namely gasoline (22.5% vs 1.6%), electricity (2.5% vs 2.3%) and utility gas service (9.8% vs 6.7%). Prices also accelerated for used cars and trucks (9.4% vs 9.3%), shelter (1.7% vs 1.5%) and new vehicles (1.5% vs 1.2%) while inflation slowed for medical care services (2.7% vs 3%) and food (3.5% vs 3.6%). Also, cost of apparel continued to fall (-2.5% vs -3.6%). The effects of the coronavirus pandemic are weighing on prices since in March 2020 many businesses closed and lockdowns were imposed, denting economic activity Also, a jump in commodities and material costs, coupled with supply constraints, are pushing producer prices up and some companies are passing those costs to clients.
2021-04-13
US Inflation Rate at 1-Year High
Annual inflation rate in the US increased to 1.7% in February of 2021 from 1.4% in January, compared to market forecasts of 1.7%. It is the highest rate since February of 2020 with main upward pressure coming from energy cost (3.7% vs -3.6% in January), namely gasoline (1.6% vs -8.6%), electricity (2.3% vs 1.5%) and utility gas service (6.7% vs 4.3%). Prices of medical care services also increased slightly more (3% vs 2.9%). In contrast, prices slowed for food (3.6% vs 3.8%), used cars and trucks (9.3% vs 10%), shelter (1.5% vs 1.6%) and new vehicles (1.2% vs 1.4%) and cost of apparel fell more (-3.6% vs -2.5%). On a monthly basis, consumer prices were up 0.4%, also in line with expectations as gasoline went up 6.4% and accounted for over half of the increase. Annual core inflation on the other hand, came in below forecasts at 1.3%. Fed Chair Powell has been reiterating the inflation could temporarily exceed 2% although upward price pressures are likely to be temporary.
2021-03-10
US Inflation Rate Slightly Lower than Expected
The annual inflation rate in the US was steady at 1.4% in January of 2021, the same as in December and slightly below market forecasts of 1.5%. Main upward pressure came from: food prices (3.8%), used cars and trucks (10%), utility gas service (4.3%), medical care services (2.9%), shelter (1.6%), electricity (1.5%) and new vehicles (1.4%). Meanwhile, apparel prices fell 2.5%. and energy cost went down 3.6% mainly due to gasoline (-8.6%). On a monthly basis, consumer prices went up 0.3%, in line with forecasts and following a downwardly revised 0.2% rise in December driven by a 7.4% rise in gasoline cost. The indexes for electricity and natural gas declined, but the energy index rose 3.5%. The food prices rose slightly by 0.1% as an advance in the index for food away from home more than offset a decline in the index for food at home.
2021-02-10
US Inflation Rate Above Forecasts
Annual inflation rate in the US increased to 1.4% in December of 2020, from 1.2 percent in November and slightly higher than market forecasts of 1.3%. On a monthly basis, consumer prices increased 0.4%, higher than 0.2% in November and in line with expectations, mainly driven by an 8.4% increase in the gasoline index, which accounted for more than 60% of the overall rise. The other components of the energy index were mixed, resulting in an increase of 4.0 percent for the month. The food index rose in December, as both the food at home and the food away from home indexes increased 0.4%. The core index which excludes food and energy rose 0.1% on the month and 1.4% on the year.
2021-01-13

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).