United States Core Inflation Rates (1957-2018)

The latest annual core inflation rate is 2.2% as published by the U.S. Labor Department on September 13, 2018 for the 12 months ended August 2018. It marks a downturn from the previously reported 2.4% level.

Core inflation excludes certain items that are known for their volatility — namely, food and energy. (Read more about core inflation.) It is monitored almost as much as the bellwether inflation rate that measures pricing changes across all items.

For reference, in monthly inflation/consumer prices reports published by the Labor Department’s Bureau of Labor Statistics (www.bls.gov/cpi), core inflation is referred as "all items less food and energy."

This chart shows core inflation on an annual basis over the last decade:

*For 2018, the most recent inflation monthly data (12-month based) is displayed in the chart.

Table: Core Inflation Rates by Month and Year

Since figures below are 12-month periods, look to the December column for core inflation rates by calendar year. For example, the core rate of inflation in 2017 was 1.8%.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
1958 3.2 3.2 2.8 2.4 2.4 2.1 2.4 2.1 1.7 1.7 1.7 1.7 2.4
1959 1.7 1.7 1.7 1.7 2.0 2.0 2.0 2.0 2.4 2.7 2.0 2.0 2.0
1960 2.0 2.3 2.0 2.0 1.7 1.7 1.3 1.3 1.0 1.0 1.0 1.0 1.3
1961 1.0 0.7 0.7 1.0 1.0 1.0 1.3 1.3 1.6 1.3 1.3 1.3 1.3
1962 1.3 1.3 1.6 1.3 1.6 1.6 1.3 1.3 1.3 1.3 1.3 1.3 1.3
1963 1.0 1.0 1.0 1.3 1.0 1.3 1.3 1.6 1.3 1.3 1.6 1.6 1.3
1964 1.9 1.9 1.9 1.6 1.6 1.6 1.6 0.9 1.3 1.3 1.2 1.2 1.6
1965 1.6 1.6 1.2 1.6 1.6 1.2 1.2 1.6 1.5 1.5 1.2 1.5 1.2
1966 0.9 1.2 1.5 1.8 2.1 2.4 2.8 3.1 3.0 3.3 3.6 3.3 2.4
1967 3.6 3.6 3.6 3.3 3.3 3.3 3.3 3.3 3.6 3.5 3.5 3.8 3.6
1968 4.1 4.1 4.4 4.4 4.3 4.6 4.9 4.9 4.9 4.8 5.1 5.1 4.6
1969 5.1 5.3 5.6 6.1 6.1 5.8 5.8 5.8 6.0 6.0 5.9 6.2 5.8
1970 6.2 6.1 6.1 5.8 6.0 6.5 6.2 6.2 6.2 6.4 6.6 6.6 6.3
1971 6.3 5.8 5.2 5.0 5.2 4.9 4.9 4.6 4.4 3.8 3.3 3.1 4.7
1972 3.1 3.3 3.3 3.3 3.1 2.8 2.8 3.3 2.8 3.0 3.0 3.0 3.0
1973 2.8 2.8 3.0 3.2 3.2 3.2 3.2 3.2 3.8 4.3 4.5 4.7 3.6
1974 4.9 5.4 5.8 6.2 6.8 7.9 8.8 9.6 10.2 10.6 11.2 11.1 8.3
1975 11.5 11.7 11.4 11.3 10.5 9.6 9.1 8.2 7.7 7.0 6.8 6.7 9.1
1976 6.7 6.5 6.6 6.4 6.5 6.5 6.7 6.8 6.8 6.7 6.5 6.1 6.5
1977 6.3 6.3 6.2 6.3 6.3 6.6 6.3 6.2 6.2 6.0 5.9 6.5 6.3
1978 6.4 6.2 6.3 6.5 6.8 7.0 7.4 7.5 7.9 8.4 8.7 8.5 7.4
1979 8.6 9.2 9.3 9.3 9.4 9.3 9.6 10.0 9.9 10.1 10.6 11.3 9.8
1980 12.0 12.0 12.5 13.0 13.3 13.6 12.4 11.8 12.0 12.3 12.1 12.2 12.4
1981 11.4 10.9 10.0 9.5 9.5 9.4 11.1 11.6 11.8 10.9 10.2 9.5 10.4
1982 9.3 9.1 8.8 8.9 8.7 8.6 7.6 7.1 5.9 5.9 5.3 4.5 7.4
1983 4.7 4.7 4.7 4.3 3.6 2.9 3.0 3.0 3.5 3.7 4.3 4.8 4.0
1984 4.8 4.8 5.0 5.0 5.2 5.1 5.0 5.1 5.1 4.9 4.6 4.7 5.0
1985 4.5 4.7 4.8 4.5 4.5 4.4 4.2 4.1 4.0 4.1 4.4 4.3 4.3
1986 4.4 4.2 4.1 4.2 4.0 4.0 4.1 4.0 4.1 4.0 3.8 3.8 4.0
1987 3.8 3.8 4.0 4.2 4.2 4.1 4.0 4.2 4.3 4.3 4.4 4.2 4.1
1988 4.3 4.3 4.4 4.3 4.3 4.5 4.5 4.4 4.4 4.5 4.4 4.7 4.4
1989 4.6 4.8 4.7 4.6 4.6 4.5 4.6 4.4 4.3 4.3 4.4 4.4 4.5
1990 4.4 4.6 4.9 4.8 4.8 4.9 5.0 5.5 5.5 5.3 5.3 5.2 5.0
1991 5.6 5.6 5.2 5.1 5.1 5.0 4.8 4.6 4.5 4.4 4.5 4.4 4.9
1992 3.9 3.8 3.9 3.9 3.8 3.8 3.7 3.5 3.3 3.5 3.4 3.3 3.7
1993 3.5 3.6 3.4 3.5 3.4 3.3 3.2 3.3 3.2 3.0 3.1 3.2 3.3
1994 2.9 2.8 2.9 2.8 2.8 2.9 2.9 2.9 3.0 2.9 2.8 2.6 2.8
1995 2.9 3.0 3.0 3.1 3.1 3.0 3.0 2.9 2.9 3.0 3.0 3.0 3.0
1996 3.0 2.9 2.8 2.7 2.7 2.7 2.7 2.6 2.7 2.6 2.6 2.6 2.7
1997 2.5 2.5 2.5 2.7 2.5 2.4 2.4 2.3 2.2 2.3 2.2 2.2 2.4
1998 2.2 2.3 2.1 2.1 2.2 2.2 2.2 2.5 2.5 2.3 2.3 2.4 2.3
1999 2.4 2.1 2.1 2.2 2.0 2.1 2.1 1.9 2.0 2.1 2.1 1.9 2.1
2000 2.0 2.2 2.4 2.3 2.4 2.5 2.5 2.6 2.6 2.5 2.6 2.6 2.4
2001 2.6 2.7 2.7 2.6 2.5 2.7 2.7 2.7 2.6 2.6 2.8 2.7 2.6
2002 2.6 2.6 2.4 2.5 2.5 2.3 2.2 2.4 2.2 2.2 2.0 1.9 2.4
2003 1.9 1.7 1.7 1.5 1.6 1.5 1.5 1.3 1.2 1.3 1.1 1.1 1.4
2004 1.1 1.2 1.6 1.8 1.7 1.9 1.8 1.7 2.0 2.0 2.2 2.2 1.8
2005 2.3 2.4 2.3 2.2 2.2 2.0 2.1 2.1 2.0 2.1 2.1 2.2 2.2
2006 2.1 2.1 2.1 2.3 2.4 2.6 2.7 2.8 2.9 2.7 2.6 2.6 2.5
2007 2.7 2.7 2.5 2.3 2.2 2.2 2.2 2.1 2.1 2.2 2.3 2.4 2.3
2008 2.5 2.3 2.4 2.3 2.3 2.4 2.5 2.5 2.5 2.2 2.0 1.8 2.3
2009 1.7 1.8 1.8 1.9 1.8 1.7 1.5 1.4 1.5 1.7 1.7 1.8 1.7
2010 1.6 1.3 1.1 0.9 0.9 0.9 0.9 0.9 0.8 0.6 0.8 0.8 1.0
2011 1.0 1.1 1.2 1.3 1.5 1.6 1.8 2.0 2.0 2.1 2.2 2.2 1.7
2012 2.3 2.2 2.3 2.3 2.3 2.2 2.1 1.9 2.0 2.0 1.9 1.9 2.1
2013 1.9 2.0 1.9 1.7 1.7 1.6 1.7 1.8 1.7 1.7 1.7 1.7 1.8
2014 1.6 1.6 1.7 1.8 2.0 1.9 1.9 1.7 1.7 1.8 1.7 1.6 1.7
2015 1.6 1.7 1.8 1.8 1.7 1.8 1.8 1.8 1.9 1.9 2.0 2.1 1.8
2016 2.2 2.3 2.2 2.1 2.2 2.2 2.2 2.3 2.2 2.1 2.1 2.2 2.2
2017 2.3 2.2 2.0 1.9 1.7 1.7 1.7 1.7 1.7 1.8 1.7 1.8 1.8
2018 1.8 1.8 2.1 2.1 2.2 2.3 2.4 2.2          

 

As the table above shows, the annual core inflation rate reached its highest level in June 1980 at 13.6%.