Latest U.S. Inflation Data

Inflation Hits 3% as June Consumer Prices Fall Unexpectedly

Driven by reduced costs for gasoline and used vehicles, which offset gains in areas like shelter, food, and clothing, U.S. consumer prices unexpectedly fell...

Inflation Slows to 3.3% as May Consumer Prices Unchanged

Supported by cheaper gasoline, U.S. consumer prices unexpectedly showed no overall increase in May. However, inflation remained stubbornly high compared to a year ago due to rising costs in areas such as food, housing, and healthcare. "Indexes which increased in May include shelter, medical care, used...

Inflation Rates

Latest: 3.0% | Previous: 3.3%

Core Inflation Rates

Latest: 3.3% | Previous: 3.4%

Consumer Price Index (CPI)

Latest: 314.175 | Previous: 314.069

Released on July 11 for June. Next release on Aug. 14 for July 2024.

Chart: Inflation Rates & Core Inflation Rates

Inflation is an economic phenomenon that refers to a general increase in the prices of goods and services over time. It is a crucial indicator of the economy's health and is closely monitored by policymakers, businesses, and consumers alike. The chart displayed below shows the annual inflation rates and core inflation rates in the United States. The blue line represents the rate at which prices for goods and services have climbed over time, while the red line excludes food and energy items from the calculation.

In the Consumer Price Index (CPI), which measures the average change in prices paid by urban consumers, the rate of inflation is described as the "all items" index, while the rate of core inflation, or underlying inflation, is listed as the "all items less food and energy" index.

The Inflation Calculator provided by following the link offers precise outcomes by presenting the accumulated inflation rate between specific months and years, instead of computing the overall inflation rate for calendar years (or up until the latest month for 2023), which is done by the more widely used calculator above.

Calculate Inflation to the Month and Year (1913 to 2024)

Looking for a U.S. Inflation Calculator that shows results down to the year and month?

Inflation and Prices

Inflation can impact the prices of various goods and services, including groceries and energy. When the overall price level of goods and services in an economy increases, it can lead to an increase in the prices of grocery items such as food, beverages, and household supplies. Similarly, inflation can also affect energy prices, including the cost of electricity, natural gas, and gasoline. To better understand the impact of inflation on these categories, follow the links below.

Grocery Prices and Inflation

See how inflation over time has affected the prices of foods found in grocery stores.

Energy Prices and Inflation

See how inflation over time has affected the prices of energy items like gas and electricty.

Why is news and rates for I bonds discussed on a site about inflation? The performance of these bonds is closely linked to the rate of inflation. In fact, Series I savings bonds are a type of U.S. government bond that is designed to protect against inflation. These bonds earn interest based on a combination of a fixed rate and a variable rate that is tied to the rate of inflation, as measured by the Consumer Price Index for Urban Consumers (CPI-U).

I Bond Rate Set at 4.28% from May 2024 to October 2024

On Wednesday, May 1, the U.S. Treasury Department announced that I bonds issued from May through October 2024 will earn an interest rate of 4.28%, down from the previous rate of 5.27%. Although the new rate is lower, its fixed component could still appeal to long-term investors, as it is once...

Items Adjusted for Inflation

Inflation-adjusted prices for everyday commodities such as gasoline, electricity, eggs, milk, coffee, and bacon have become a major concern for many households in recent times. The increasing cost of these essential goods has put a strain on budgets and impacted the purchasing power of consumers. To better understand the impact of inflation on the prices of these everyday goods, the links below provide information on prices adjusted for inflation.

Regional Inflation Rates & Metro Area Inflation Calculators

To better understand inflation trends, it is important to look beyond the national level and also analyze data at the regional and metropolitan levels. In the United States, inflation rates can vary significantly across different regions due to differences in local economic conditions, demographics, and other factors.

The chart provided in this context shows the 12-month inflation rates in the United States, as well as in four regions: Northeast, Midwest, West, and South, over the last decade.

Furthermore, in order to understand the impact of inflation on specific metropolitan areas, it is useful to utilize inflation calculators. The links provided here allow users to access inflation calculators for the New York and Los Angeles metro areas.

Calculate Inflation in New York

Inflation information for the New York, Newark and Jersey City Metropolitan Area.

Calculate Inflation in Los Angeles

Inflation information jfor the Los Angeles, Long Beach and Anaheim Metropolitan Area.

Gas, Food, and Other Inflation Items

In recent times, the United States has been experiencing a persistent increase in the average price of goods and services. This trend has persisted for several months, giving rise to concerns about inflationary pressures on the economy. To gain a better understanding of how inflation has affected different sectors, it is essential to examine how prices in specific areas have been impacted.

One significant area where inflation has been evident is at the pump. Gas prices have been on an upward trajectory, and the cost of filling up a tank has increased substantially. This increase in fuel costs can be attributed to various factors, including rising demand, reduced supply, and geopolitical tensions.

Food prices are another sector where inflation has been felt. The cost of groceries, especially fresh produce, has been rising steadily. This trend has been driven by various factors, including supply chain disruptions, weather-related events, and increased demand.

Links are available below to explore how inflation has affected different areas, such as prices at the pump, food prices, airline ticket prices, healthcare costs, and more. These resources offer an analysis of the impact of inflation on different sectors of the economy.