Annual inflation rate in the US was unchanged at 1.2% in November of 2020, the same as in October and slightly higher than market forecasts of 1.1%. Prices increased faster for new vehicles (1.6% vs 1.5%) but slowed for food (3.7% vs 3.9%), shelter (1.9% vs 2%) and used cars and trucks (10.9% vs 11.5%). Also, cost of medical care commodities (-1.1% vs -0.8% in September) and energy (-9.4% vs -9.2%) declined further (-9.4% vs -9.2%) while deflation softened for transportation services (-3.4% vs -5.1%) and apparel (-5.2% vs -5.5%). On a monthly basis, consumer prices increased 0.2%, higher than a flat reading in October and expectations of 0.1%. The core index which excludes food and energy rose 0.2% on the month and 1.6% on the year. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States averaged 3.24 percent from 1914 until 2020, 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 December of 2020.
Inflation Rate in the United States is expected to be 1.60 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 1.30 in 12 months time. In the long-term, the United States Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.