Access the world's leading financial data and tools

Subscribe for $2
Analyse
Profile
🇺🇸

United States Inflation Rate

Price

3.4 %
Change +/-
-0.1 %
Percentage Change
-2.90 %

The current value of the Inflation Rate in United States is 3.4 %. The Inflation Rate in United States decreased to 3.4 % on 4/1/2024, after it was 3.5 % on 3/1/2024. From 6/1/1924 to 5/1/2024, the average GDP in United States was 3.01 %. The all-time high was reached on 3/1/1947 with 19.7 %, while the lowest value was recorded on 9/1/1932 with -10.7 %.

Source: U.S. Bureau of Labor Statistics

Inflation Rate

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Inflation Rate

Inflation Rate History

DateValue
4/1/20243.4 %
3/1/20243.5 %
2/1/20243.2 %
1/1/20243.1 %
12/1/20233.4 %
11/1/20233.1 %
10/1/20233.2 %
9/1/20233.7 %
8/1/20233.7 %
7/1/20233.2 %
1
2
3
4
5
...
104

Similar Macro Indicators to Inflation Rate

NameCurrentPreviousFrequency
🇺🇸
Consumer Price Index (CPI)
315.664 points315.3 pointsMonthly
🇺🇸
Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
🇺🇸
Core Consumer Prices
321.67 points320.77 pointsMonthly
🇺🇸
Core CPI
2.3 %2.4 %Monthly
🇺🇸
Core Inflation Rate
3.4 %3.6 %Monthly
🇺🇸
Core Inflation Rate MoM
0.3 %0.3 %Monthly
🇺🇸
Core PCE Price Index
122.045 points121.944 pointsMonthly
🇺🇸
Core PCE Price Index Annual Change
2.6 %2.8 %Monthly
🇺🇸
Core PCE Price Index MoM
0.3 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.2 %2.8 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
3.1 %2.9 %Monthly
🇺🇸
CPI Transport
269.724 points269.604 pointsMonthly
🇺🇸
Energy Inflation
-4.9 %-6.8 %Monthly
🇺🇸
Export Prices
146.8 points147.9 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.1 %2.3 %Monthly
🇺🇸
GDP Deflator
125.5 points124.94 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
0.3 %-0.4 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
2.9 %3 %Monthly
🇺🇸
Inflation Rate MoM
0.2 %-0.1 %Monthly
🇺🇸
Median-CPI
4.32 %4.48 %Monthly
🇺🇸
Michigan 5-Year Inflation Expectations
3 %3 %Monthly
🇺🇸
Michigan Inflation Expectations
3 %3.3 %Monthly
🇺🇸
PCE Price Index
123.096 points123.106 pointsMonthly
🇺🇸
PCE Price Index annual change
2.1 %2.3 %Monthly
🇺🇸
PCE Price Index Monthly Change
0 %0.3 %Monthly
🇺🇸
PCE Prices QoQ
1.5 %2.5 %Quarter
🇺🇸
PPI excluding Food, Energy, and Trade Services
131.634 points131.532 pointsMonthly
🇺🇸
PPI Excluding Food, Energy, and Trade Services MoM
0 %0.4 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services YoY
3.3 %3.2 %Monthly
🇺🇸
Producer Price Change
2.2 %2.3 %Monthly
🇺🇸
Producer Price Inflation MoM
-0.2 %0.5 %Monthly
🇺🇸
Producer prices
143.822 points144.063 pointsMonthly
🇺🇸
Rental inflation
4.9 %4.9 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly
🇺🇸
Trimmed Mean of the Consumer Price Index
3.42 %3.52 %Monthly

In the United States, the unadjusted Consumer Price Index for All Urban Consumers is calculated based on the prices of a market basket comprising: Food (14% of the total weight); Energy (8%); Commodities excluding Food and Energy Commodities (21%); and Services excluding Energy Services (57%). The last category is further divided into: Shelter (32%), Medical Care Services (7%), and Transportation Services (6%).

What is Inflation Rate?

Inflation Rate: An In-Depth Analysis for the Macroeconomic Enthusiast Welcome to Eulerpool, your premier destination for understanding the vast landscape of macroeconomic data. Today, we delve into one of the most crucial indicators shaping economies worldwide: the inflation rate. Whether you're an investor, policymaker, academic, or simply a curious mind, this comprehensive exploration will provide you with a nuanced understanding of inflation and its profound impact on economics. At its core, the inflation rate measures the rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power over time. Inflation is typically expressed as an annual percentage and is calculated by comparing the current price level to the price level a year ago. The most common measure is the Consumer Price Index (CPI), which tracks the price changes of a basket of consumer goods and services. Other measures include the Producer Price Index (PPI) and the GDP deflator. Inflation is often categorized into two broad types: demand-pull inflation and cost-push inflation. Demand-pull inflation occurs when aggregate demand in an economy outpaces aggregate supply. This scenario is usually observed during periods of economic prosperity, where increased consumer spending, business investments, and government spending drive the demand higher, leading to upward pressure on prices. On the other hand, cost-push inflation results from an increase in the costs of production. Factors such as rising wages, increased prices for raw materials, and supply chain disruptions can lead to higher production costs, which businesses may pass on to consumers in the form of higher prices. One of the primary reasons why the inflation rate is closely monitored is its extensive impact on the economy. For individuals, inflation directly affects the real value of money held, as higher prices erode the purchasing power. This means that consumers can buy fewer goods and services for the same amount of money, reducing their living standards unless their income rises proportionately. For businesses, inflation can lead to increased costs for raw materials and wages, potentially squeezing profit margins if the higher costs cannot be passed on to consumers. From a broader economic perspective, moderate, stable inflation is generally considered healthy as it signals a growing economy. Central banks, such as the Federal Reserve in the United States and the European Central Bank, often target an inflation rate of around 2% per annum. Such a target is seen as a balance between avoiding the negative effects of both inflation and deflation. Deflation, the opposite of inflation, can lead to decreased economic activity as consumers and businesses might delay purchases and investments, anticipating lower future prices. However, high inflation rates can have detrimental effects. Hyperinflation, an extremely high and typically accelerating inflation rate, can wreak havoc on an economy. Venezuela and Zimbabwe offer notorious examples where hyperinflation led to a near-total collapse of economic activity. In less severe but still problematic cases, high inflation can lead to uncertainty and reduce the real value of savings, eroding the wealth of households and creating challenges for financial planning and investment. Central banks play a pivotal role in controlling inflation through monetary policy. By adjusting interest rates and other monetary tools, central banks influence economic activity and price levels. Raising interest rates can help dampen excessive spending and borrowing, thus cooling down an overheating economy and curbing inflation. Conversely, lowering interest rates can stimulate spending and investment, potentially raising inflation to healthier levels if it is deemed too low. Fiscal policy also impacts inflation rates. Government spending and taxation decisions can either stimulate or slow down economic activity. For instance, during economic downturns, expansionary fiscal policy, involving increased government spending and tax cuts, can boost aggregate demand and help lift inflation rates. On the flip side, contractionary fiscal policy, with reduced government spending and higher taxes, can help control high inflation. Inflation expectations also play a significant role. If businesses and consumers expect higher future inflation, they may adjust their behavior in ways that can actually bring about the expected inflation. For example, businesses might increase their prices preemptively, and workers might demand higher wages. Therefore, managing inflation expectations is a critical task for policymakers. Transparency, clear communication, and credible commitment to policy targets are essential tools used by central banks to anchor these expectations. The global nature of today's economy means that inflation rates can be influenced by international factors. Changes in import prices, exchange rates, and global commodity prices can all impact domestic inflation. For instance, a depreciation of a country's currency can make imports more expensive, leading to higher inflation. Similarly, global supply chain disruptions can result in scarcity of goods, pushing prices up. Investors closely monitor inflation rates as they influence various asset classes, from equities and bonds to real estate and commodities. Bonds, which offer fixed interest payments, can become less attractive during periods of high inflation as the real value of these payments declines. Equities might offer a hedge against inflation if companies can pass increased costs to consumers, but high inflation can also lead to higher interest rates, which could increase borrowing costs and reduce corporate profitability. To conclude, the inflation rate is a critical barometer of economic health, influencing a wide array of economic decisions and policies. Understanding the mechanisms that drive inflation, its impacts on different sectors of the economy, and the tools available for its management is vital for anyone engaged with macroeconomic data and analysis. Here at Eulerpool, we strive to provide accurate, up-to-date inflation data to help you stay informed and make well-grounded decisions. Whether you're tracking inflation for investment strategies, policy formulation, or academic research, grasping the intricacies of this fundamental macroeconomic indicator will undoubtedly enhance your understanding of the economic dynamics at play. Stay tuned to Eulerpool for more detailed insights and reliable data on inflation and other essential macroeconomic indicators.