7/2/23, 7:14 PM
United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
United States Inflation Rate
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The consumer price inflation in the United States declined to 4.0 percent in May 2023, the lowest
since March 2021 and slightly below market expectations of 4.1 percent, driven by a decline in
energy prices. In addition, the core rate, which excludes volatile items such as food and energy,
has slowed to 5.3 percent, the lowest since November 2021, supporting the argument for the
Federal Reserve to consider pausing its current cycle of monetary tightening. Energy cost
slumped 11.7 percent (vs -5.1 percent in April), while food inflation slowed to 6.7 percent (vs 7.7
percent in April). There were also smaller price increases for new vehicles (4.7 percent vs 5.4
percent), apparel (3.5 percent vs 3.6 percent), shelter (8.0 percent vs 8.1 percent), and
transportation services (10.2 percent vs 11.0 percent). The cost of medical services was down
0.1 percent (vs 0.4 percent in April). On a monthly basis, consumer prices edged up 0.1 percent
in May after increasing 0.4 percent in April. source: U.S. Bureau of Labor Statistics (http://www.bls.gov/)
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GMT
2023-05-10
12:30 PM
Apr
4.9%
5%
5%
4.9%
2023-06-13
12:30 PM
May
4%
4.9%
4.1%
4.3%
https://tradingeconomics.com/united-states/inflation-cpi
Actual
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Consensus
TEForecast
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7/2/23, 7:14 PM
United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
Calendar
GMT
Actual
2023-07-12
12:30 PM
United States Inflation Rate
Summary
Calendar
+ (/calendar)
Jun
Forecast
Previous
Consensus
TEForecast
4%
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3.6%
()
Related
Last
Previous
Unit
Inflation Rate (/united-states/inflation-cpi)
4.00
4.90
percent
Inflation Rate MoM (/united-states/inflation-rate-mom)
0.10
0.40
percent
Consumer Price Index CPI (/united-states/consumer-price-index-cpi)
304.13
303.36
points
Core Inflation Rate (/united-states/core-inflation-rate)
5.30
5.50
percent
Core Consumer Prices (/united-states/core-consumer-prices)
307.82
306.49
points
Producer Prices Change (/united-states/producer-prices-change)
1.10
2.30
percent
Export Prices (/united-states/export-prices)
148.20
151.00
points
Import Prices (/united-states/import-prices)
139.40
140.30
points
Food Inflation (/united-states/food-inflation)
6.70
7.70
percent
CPI seasonally adjusted (/united-states/cpi-seasonally-adjusted)
303.29
302.92
percent
Energy Inflation (/united-states/energy-inflation)
-11.70
-5.10
Percent
Services Inflation (/united-states/services-inflation)
6.30
6.81
Percent
Rent Inflation (/united-states/rent-inflation)
8.00
8.10
percent
PCE Price Index (/united-states/pce-price-index)
127.01
126.84
points
Inflation Expectations (/united-states/inflation-expectations)
4.10
4.40
percent
CPI Trimmed-Mean (/united-states/cpi-trimmed-mean)
5.54
6.07
percent
CPI Median (/united-states/cpi-median)
6.74
6.98
percent
+
(/united-states/indicators)
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United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
United States Inflation Rate
In the United
States,
unadjusted
United
States
Inflation
RateConsumer 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 &
Summary
Calendar (21%)
Forecast
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Energy Commodities
and Services
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
4.00
4.90
23.70
-15.80
1914 - 2023
percent
Monthly
NSA
Compare Inflation Rate by Country (http://tradingeconomics.com/country-list/inflation-rate)
News Stream
US Inflation Rate Drops to Over 2-Year Low
The consumer price inflation in the United States declined to 4.0 percent in May 2023, the lowest
since March 2021 and slightly below market expectations of 4.1 percent, driven by a decline in
energy prices. In addition, the core rate, which excludes volatile items such as food and energy,
has slowe... more ()
2023-06-13
US Inflation Rate Seen Falling to 4.1%
The annual inflation rate in the US likely fell to 4.1% in May 2023, the lowest since March 2021,
from 4.9% in April and 5% in March, mainly due to lower energy prices. On a monthly basis, the
CPI is projected to increase by 0.2%, easing from a 0.4% rise in April. Meanwhile, core inflation is
expect... more ()
2023-06-13
US Inflation Rate Seen Falling to 4.1%
The annual inflation rate in the US likely fell to 4.1% in May 2023, the lowest since March 2021,
from 4.9% in April and 5% in March, mainly due to lower energy prices. On a monthly basis, the
CPI is projected to increase by 0.2%, easing from a 0.4% rise in April. Meanwhile, core inflation is
expect... more ()
2023-06-12
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United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
US stocks End Q2 on a Strong Note (/united-states/stock-market)
US Michigan Consumer Sentiment Revised Higher (/united-states/consumer-confidence)
ChicagoStates
PMI Disappoints
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Dollar Falls Slightly
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US 10Y Bond Yield Down from Over 3-Month High as PCE Inflation Cools (/unitedstates/government-bond-yield)
US PCE Prices Rise at a Slower 0.1% (/united-states/pce-price-index-monthly-change)
US Personal Income Slightly Beats Forecasts (/united-states/personal-income)
US Core PCE Prices Edge Higher as Expected (/united-states/core-pce-price-index-mom)
US Personal Spending Rises Less than Forecast (/united-states/personal-spending)
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South Korea Exports Drop for 9th Month (/south-korea/exports-yoy)
South Korea Trade Surplus Smaller than Expected (/south-korea/balance-of-trade)
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Jamaica GDP Grows 4.2% YoY in Q1 (/jamaica/gdp-growth-annual)
Brazilian Stocks Edge Lower on Friday (/brazil/stock-market)
TSX Closes Week 3.2% Higher (/canada/stock-market)
US stocks End Q2 on a Strong Note (/united-states/stock-market)
Argentina Economic Activity Shrinks More than Estimates (/argentina/monthly-gdp-yoy)
Colombia Leaves Key Rate Unchanged (/colombia/interest-rate)
Trinidad and Tobago Keeps Interest Rate Steady at 3.5% (/trinidad-and-tobago/interest-rate)
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United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
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United States Inflation Rate - June 2023 Data - 1914-2022 Historical - July Forecast
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