Annual inflation rate in the US likely eased to 3.4% in April 2024 from 3.5% in March which was the highest reading since September. Compared to the previous month, the CPI is expected to increase by 0.4%, the same as in each of the previous two months. Gasoline prices are anticipated to have increased from March, along with upward pressure from the services sectors, while prices for used cars may have continued to decline. Meanwhile, core inflation probably slowed to 3.6% annually, which would be the lowest reading since April 2021, down from 3.8% in both March and February. The monthly rate is also expected to ease to 0.3% from 0.4%. source: U.S. Bureau of Labor Statistics
Inflation Rate in the United States increased to 3.50 percent in March from 3.20 percent in February 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 May of 2024.
Inflation Rate in the United States increased to 3.50 percent in March from 3.20 percent in February of 2024. Inflation Rate in the United States is expected to be 3.00 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 2025, according to our econometric models.