The annual inflation rate in the US is expected to slow for a second consecutive month to 3.4% in July 2026, from 3.5% in June, easing further from the 2023 high of 4.2% reached in May. On a monthly basis, the CPI is forecast to rise 0.1%, rebounding from a 0.4% decline in June, which marked the first monthly drop since May 2020. Gasoline prices are expected to have fallen nearly 3%, while airfares and jet fuel prices are also likely to have declined. New and used car prices, meanwhile, could see a slight uptick. Core consumer prices are expected to rise 0.2%, following a flat reading in June, while the annual core inflation rate is seen easing to 2.5% from 2.6% in the previous month. That would mark the smallest annual increase since February. Overall, the CPI report is likely to point to a further cooling in energy-related price pressures that intensified in the months immediately following the start of the US war with Iran. source: U.S. Bureau of Labor Statistics

Inflation Rate in the United States decreased to 3.50 percent in June from 4.20 percent in May of 2026. Inflation Rate in the United States averaged 3.29 percent from 1914 until 2026, 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 August of 2026.

Inflation Rate in the United States decreased to 3.50 percent in June from 4.20 percent in May of 2026. Inflation Rate in the United States is expected to be 3.70 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 2.60 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-10 12:30 PM
Inflation Rate YoY
May 4.2% 3.8% 4.2% 4.0%
2026-07-14 12:30 PM
Inflation Rate YoY
Jun 3.5% 4.2% 3.8% 3.9%
2026-08-12 12:30 PM
Inflation Rate YoY
Jul 3.5% 3.4% 3.4%



Components Last Previous Unit Reference
Core Inflation Rate YoY 2.60 2.90 percent Jun 2026
Energy Inflation 15.70 23.50 Percent Jun 2026
Food Inflation 3.00 3.10 percent Jun 2026
Shelter Inflation 3.30 3.40 percent Jun 2026
Services Inflation 3.20 3.50 Percent Jun 2026

Related Last Previous Unit Reference
CPI 333.95 335.12 points Jun 2026
Core Consumer Prices 336.07 336.12 points Jun 2026
CPI Apparel 135.92 137.51 points Jun 2026
CPI Education 315.87 315.41 points Jun 2026
CPI Food 349.73 349.03 points Jun 2026
CPI Housing Utilities 359.19 358.39 points Jun 2026
CPI Median 2.70 2.90 percent Jun 2026
CPI Recreation 144.95 144.32 points Jun 2026
CPI s.a 332.57 333.98 points Jun 2026
CPI Transportation 291.23 298.41 points Jun 2026
CPI Trimmed-Mean 2.60 2.90 percent Jun 2026
Export Prices 167.80 168.80 points Jun 2026
Import Prices 150.80 150.30 points Jun 2026
Consumer Inflation Expectations 3.60 3.70 percent Jul 2026
3-Year Consumer Inflation Expectations 3.30 3.30 percent Jul 2026
5-Year Consumer Inflation Expectations 3.00 3.00 percent Jul 2026
Inflation Rate YoY 3.50 4.20 percent Jun 2026
Inflation Rate MoM -0.40 0.50 percent Jun 2026
PCE Price Index 131.39 131.54 points Jun 2026
PPI YoY 5.50 6.00 percent Jun 2026


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
3.50 4.20 23.70 -15.80 1914 - 2026 percent Monthly
NSA

News Stream
US Inflation Rate Falls More than Expected
The annual inflation rate in the US fell to 3.5% in June 2026, the first decline in five months, compared to 4.2% in May and below forecasts of 3.8%. Energy costs increased 15.7%, below 23.5% in May, as the ceasefire between the US and Iran alleviated inflationary pressures from the energy component. Gasoline prices rose 26.7% (vs 40.5% in May) and fuel oil increased 42.9% (vs 58.9%). Inflation also slowed for shelter (3.3% vs 3.4%) and food (3% vs 3.1%). Compared to the previous month, the CPI decreased 0.4%, more than forecasts of a 0.1% drop, and the largest fall since April 2020. Energy costs declined 5.7%, after rising 3.9% in May, 3.8% in April, and 10.9% in March, with gasoline dropping 9.7%. The fall in energy more than offset increases in other indexes including those for shelter (0.1%) and food (0.2%). Meanwhile, annual core inflation eased to 2.6% from 2.9%, below forecasts of 2.8%. Compared to the previous month, core CPI steadied, compared to forecasts of a 0.2% rise.
2026-07-14
US Inflation Rate Seen Falling for 1st Time in 5 Months
The annual inflation rate in the US is expected to ease to 3.8% in June 2026 from 4.2% in May, marking its first slowdown in five months after reaching its highest level since April 2023. On a monthly basis, the CPI is forecast to edge down 0.1%, which would be the first decline since May 2020, largely reflecting lower energy prices. Gasoline prices are estimated to have fallen by approximately 9% following the ceasefire between the US and Iran, alleviating inflationary pressures from the energy component. Moderate increases are expected in airfares and rents, while prices for services, particularly hotel and motel accommodations, are likely to rise amid increased demand related to the FIFA World Cup. Motor vehicle insurance prices are also expected to rebound. Meanwhile, core consumer prices likely rose 0.2% for a second consecutive month, leaving the annual core inflation rate unchanged at 2.9%.
2026-07-14
US Inflation Rate Accelerates to Fresh 2023-Highs
The annual inflation rate in the US rose to 4.2% in May 2026, marking its highest level since April 2023, from 3.8% in April and in line with market expectations. This represents the third consecutive monthly acceleration in headline inflation, with energy costs jumping 23.5% (vs 17.9% in April), due to the energy shock triggered by the conflict with Iran. Gasoline prices soared 40.5%, after a 28.4% gain. Fuel oil also increased 58.9% (vs 54.3%). In addition, inflation accelerated once again for shelter (3.4% vs 3.3%) and food (3.1% vs 2.3%). Compared to the previous month, the CPI was up 0.5%, slightly less than 0.6% in April, and in line with forecasts. Energy prices rose 3.9% and accounted for over 60% of the monthly gain. Meanwhile, the annual core inflation rate went up to 2.9%, a new high since September 2025, compared to 2.8% in April and matching forecasts. Compared to the previous month however, the core CPI rose 0.2%, less than 0.4% in April and below forecasts of 0.3%.
2026-06-10