The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations. The rise is partly influenced by low base effects from last year. Energy costs declined less (-3.2% vs -4.9% in October), mainly due to gasoline (-8.1% vs -12.2%) and fuel oil (-19.5% vs -20.8%) while natural gas prices rose 1.8%, compared to 2%. Also, inflation accelerated for food (2.4% vs 2.1%) and prices fell much less for new vehicles (-0.7% vs -1.3%). On the other hand, inflation slowed for shelter (4.7% vs 4.9%) and transportation (7.1% vs 8.2%) and prices continued to decline for used cars and trucks (-3.4%, the same as in October). On a monthly basis, the CPI rose by 0.3%, the most since April, slightly above October's 0.2%, and also matching forecasts. The index for shelter rose 0.3%, accounting for nearly 40% of increase. The core CPI rose 3.3% on the year and 0.3% on the month, the same as in October and in line with forecasts. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States increased to 2.70 percent in November from 2.60 percent in October of 2024. Inflation Rate in the United States averaged 3.30 percent from 1914 until 2024, 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 January of 2025.

Inflation Rate in the United States increased to 2.70 percent in November from 2.60 percent in October of 2024. Inflation Rate in the United States is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Inflation Rate is projected to trend around 2.40 percent in 2026 and 2.30 percent in 2027, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-13 01:30 PM
Inflation Rate YoY
Oct 2.6% 2.4% 2.6% 2.6%
2024-12-11 01:30 PM
Inflation Rate YoY
Nov 2.7% 2.6% 2.7% 2.7%
2025-01-15 01:30 PM
Inflation Rate YoY
Dec 2.7% 2.9%

Components Last Previous Unit Reference
Core Inflation Rate YoY 3.30 3.30 percent Nov 2024
Energy Inflation -3.20 -4.90 Percent Nov 2024
Food Inflation 2.40 2.10 percent Nov 2024
Rent Inflation 4.70 4.90 percent Nov 2024
Services Inflation 4.50 4.70 Percent Nov 2024

Related Last Previous Unit Reference
CPI 315.49 315.66 points Nov 2024
Core Consumer Prices 322.66 321.67 points Nov 2024
CPI Median 4.09 4.08 percent Oct 2024
CPI s.a 316.44 315.45 points Nov 2024
CPI Trimmed-Mean 3.22 3.20 percent Nov 2024
Export Prices 148.70 148.70 points Nov 2024
Import Prices 141.20 141.00 points Nov 2024
Consumer Inflation Expectations 3.00 2.90 percent Nov 2024
Inflation Rate YoY 2.70 2.60 percent Nov 2024
Inflation Rate MoM 0.30 0.20 percent Nov 2024
PCE Price Index 124.38 124.22 points Nov 2024
PPI YoY 3.00 2.60 percent Nov 2024

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% of total weight); Energy (8%); Commodities Less Food & Energy Commodities (21%) and Services Less Energy Services (57%). The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%).
Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.60 23.70 -15.80 1914 - 2024 percent Monthly
NSA


News Stream
US Inflation Rate Rises to 2.7% As Expected
The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations. The rise is partly influenced by low base effects from last year. Energy costs declined less (-3.2% vs -4.9% in October), mainly due to gasoline (-8.1% vs -12.2%) and fuel oil (-19.5% vs -20.8%) while natural gas prices rose 1.8%, compared to 2%. Also, inflation accelerated for food (2.4% vs 2.1%) and prices fell much less for new vehicles (-0.7% vs -1.3%). On the other hand, inflation slowed for shelter (4.7% vs 4.9%) and transportation (7.1% vs 8.2%) and prices continued to decline for used cars and trucks (-3.4%, the same as in October). On a monthly basis, the CPI rose by 0.3%, the most since April, slightly above October's 0.2%, and also matching forecasts. The index for shelter rose 0.3%, accounting for nearly 40% of increase. The core CPI rose 3.3% on the year and 0.3% on the month, the same as in October and in line with forecasts.
2024-12-11
US Inflation Rate Seen Rising for 2nd Month
The annual inflation rate in the US likely rose for a second consecutive month to 2.7% in November 2024, up from 2.6% in October, partly influenced by low base effects from the previous year. On a monthly basis, the CPI is expected to increase by 0.3%, the most since April, slightly above October's 0.2%, driven by higher prices for used cars, airfares, apparel, and car insurance. Gasoline prices, however, are anticipated to edge slightly lower. Meanwhile, core inflation is projected to remain steady at 3.3% year-on-year, with monthly core inflation also forecasted to hold at 0.3%, consistent with October's rate.
2024-12-11
US Inflation Rate Picks Up
The annual inflation rate in the US accelerated to 2.6% in October 2024, up from 2.4% in September which was the lowest rate since February 2021, and in line with market expectations. It marks the first increase in inflation in seven months, as energy costs declined less (-4.9% vs -6.8%), mainly due to gasoline (-12.2% vs -15.3%) and fuel oil (-20.8% vs -22.4%) while natural gas prices rose 2%, the same as in September. Also, inflation for shelter steadied at 4.9%. On the other hand, inflation slowed for food (2.1% vs 2.3%) and transportation (8.2% vs 8.5%) and prices continued to fall for new vehicles (-1.3% vs -1.3%) and used cars and trucks (-3.4% vs -5.1%). On a monthly basis, CPI rose by 0.2%, consistent with the previous three months, also matching forecasts. The index for shelter rose 0.4%, accounting for over half of the monthly increase. Meanwhile, core inflation remained steady at 3.3% as expected, with monthly core inflation also holding at 0.3%, the same as in September.
2024-11-13