The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a near three-year low of 3.8% in February 2024, down slightly from 3.9% in January but above market forecasts of 3.7%. The shelter index, accounting for roughly two thirds of the total 12-month increase in the all items less food and energy index, increased by 5.7% in February, slowing from a 6% rise in the prior month. Prices also softened for recreation (+2.1% vs +2.8%) and personal care (+4.2% vs +5.3%), but continued to rise significantly for motor vehicle insurance (+20.6%, as in January) and medical care (+1.4% vs +1.1%). Monthly, core consumer prices rose by 0.4% in February, the same as in the previous month and above market expectations of 0.3%. source: U.S. Bureau of Labor Statistics
Core consumer prices in the United States increased 3.80 percent in February of 2024 over the same month in the previous year. Core Inflation Rate in the United States averaged 3.63 percent from 1957 until 2024, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0.00 percent in May of 1957. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.
Core consumer prices in the United States increased 3.80 percent in February of 2024 over the same month in the previous year. Core Inflation Rate in the United States is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Inflation Rate is projected to trend around 2.60 percent in 2025, according to our econometric models.
United States Core Inflation Rate
In the United States, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 3.80 | 3.90 | 13.60 | 0.00 | 1957 - 2024 | percent | Monthly | 1982-1984=100, NSA |
News Stream
US Annual Core Inflation Rate Slightly Above Forecasts
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a near three-year low of 3.8% in February 2024, down slightly from 3.9% in January but above market forecasts of 3.7%. The shelter index, accounting for roughly two thirds of the total 12-month increase in the all items less food and energy index, increased by 5.7% in February, slowing from a 6% rise in the prior month. Prices also softened for recreation (+2.1% vs +2.8%) and personal care (+4.2% vs +5.3%), but continued to rise significantly for motor vehicle insurance (+20.6%, as in January) and medical care (+1.4% vs +1.1%). Monthly, core consumer prices rose by 0.4% in February, the same as in the previous month and above market expectations of 0.3%.
2024-03-12
US Core Inflation Rate Steady at 2-1/2-Year Low of 3.9%
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, stood at a 2-1/2-year low of 3.9% in January 2024, unchanged from the prior month and above market forecasts of 3.7%. The shelter index increased 6.0% over the last year, accounting for over two thirds of the total 12-month increase in the all items less food and energy index. Other indexes with notable increases over the last year include motor vehicle insurance (+20.6%), recreation (+2.8%), personal care (+5.3%), and medical care (+1.1%). Monthly, core consumer prices rose by 0.4% in January, the most since April 2023, up from 0.3% in the prior month and slightly above market estimates of 0.3%.
2024-02-13
US Core Inflation Rate Slows to 2-1/2-Year Low of 3.9%
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a 2-1/2-year low of 3.9% in December 2023, down from 4% in the prior month and just above market forecasts of 3.8%. The shelter index, accounting for over two thirds of the total increase in all items less food and energy index, softened to 6.2% in December from 6.5% in the prior month. Other indexes with softer increases over the last year included motor vehicle insurance (+19.2% vs +20.3%), recreation (+2.5% vs +2.7%) and personal care (+5% vs +5.2%). Monthly, core consumer prices rose only by 0.3% in December, as they did in November, matching market estimates.
2024-01-11
