The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, stood at a near three-year low of 3.8% in March 2024, matching February's reading and slightly above market forecasts of 3.7%. The shelter index increased 5.7%, accounting for over sixty percent of the total 12-month increase in all items less food and energy index, the same rate as in February. Other indexes with notable increases over the last year include motor vehicle insurance (+22.2%), medical care (+2.2%), recreation (+1.8%), and personal care (+4.2%). Monthly, core consumer prices rose by 0.4% in March, the same as in the previous two months and above market expectations of 0.3%. source: U.S. Bureau of Labor Statistics
Core consumer prices in the United States increased 3.80 percent in March of 2024 over the same month in the previous year. Core Inflation Rate in the United States averaged 3.63 percent from 1957 until 2024, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0.00 percent in May of 1957. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Core consumer prices in the United States increased 3.80 percent in March of 2024 over the same month in the previous year. Core Inflation Rate in the United States is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Inflation Rate is projected to trend around 2.60 percent in 2025, according to our econometric models.