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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-12 12:30 PM
Core Inflation Rate YoY
Feb 3.8% 3.9% 3.7% 3.8%
2024-04-10 12:30 PM
Core Inflation Rate YoY
Mar 3.8% 3.8% 3.7% 3.7%
2024-05-15 12:30 PM
Core Inflation Rate YoY
Apr 3.8%


Related Last Previous Unit Reference
CPI 312.33 310.33 points Mar 2024
Core Consumer Prices 316.70 315.57 points Mar 2024
Core Inflation Rate YoY 3.80 3.80 percent Mar 2024
Core Inflation Rate MoM 0.36 0.36 percent Mar 2024
CPI Core Core YoY 2.60 2.41 percent Mar 2024
CPI Housing Utilities 331.25 329.70 points Mar 2024
CPI s.a 312.23 311.05 points Mar 2024
CPI Transportation 272.49 266.64 points Mar 2024
Export Prices 149.00 148.60 points Mar 2024
Export Prices MoM 0.30 0.70 percent Mar 2024
Export Prices YoY -1.40 -2.00 percent Mar 2024
Food Inflation 2.20 2.20 percent Mar 2024
Import Prices 140.40 139.80 points Mar 2024
Import Prices MoM 0.40 0.30 percent Mar 2024
Import Prices YoY 0.40 -0.90 percent Mar 2024
Inflation Rate YoY 3.50 3.20 percent Mar 2024
Inflation Rate MoM 0.40 0.40 percent Mar 2024
PPI MoM 0.20 0.60 percent Mar 2024
PPI 143.69 143.47 points Mar 2024
PPI YoY 2.10 1.60 percent Mar 2024

United States Core Inflation Rate
In the United States, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.80 13.60 0.00 1957 - 2024 percent Monthly
1982-1984=100, NSA

News Stream
US Annual Core Inflation Above Forecasts
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%.
2024-04-10
US Annual Core Inflation Rate Slightly Above Forecasts
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, eased to a near three-year low of 3.8% in February 2024, down slightly from 3.9% in January but above market forecasts of 3.7%. The shelter index, accounting for roughly two thirds of the total 12-month increase in the all items less food and energy index, increased by 5.7% in February, slowing from a 6% rise in the prior month. Prices also softened for recreation (+2.1% vs +2.8%) and personal care (+4.2% vs +5.3%), but continued to rise significantly for motor vehicle insurance (+20.6%, as in January) and medical care (+1.4% vs +1.1%). Monthly, core consumer prices rose by 0.4% in February, the same as in the previous month and above market expectations of 0.3%.
2024-03-12
US Core Inflation Rate Steady at 2-1/2-Year Low of 3.9%
The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, stood at a 2-1/2-year low of 3.9% in January 2024, unchanged from the prior month and above market forecasts of 3.7%. The shelter index increased 6.0% over the last year, accounting for over two thirds of the total 12-month increase in the all items less food and energy index. Other indexes with notable increases over the last year include motor vehicle insurance (+20.6%), recreation (+2.8%), personal care (+5.3%), and medical care (+1.1%). Monthly, core consumer prices rose by 0.4% in January, the most since April 2023, up from 0.3% in the prior month and slightly above market estimates of 0.3%.
2024-02-13