Economic research
Macroeconomics
A clearer view of prices, labor, policy, and public finances.
Price stability
Inflation Overview
Consumer and producer price trends
Loading observations…
United States
Economic research
A clearer view of prices, labor, policy, and public finances.
Price stability
Consumer and producer price trends
CPI / YoY
3.35%
Observation: Aug 2026
BLS via FRED
Core CPI / YoY
2.22%
Observation: Aug 2026
BLS via FRED
PCE / YoY
3.43%
Observation: Jul 2026
BEA via FRED
Core PCE / YoY
3.11%
Observation: Jul 2026
BEA via FRED
| Observation | Headline (%) | Core (%) |
|---|---|---|
| Aug 2026 | 3.35% | 2.22% |
| Jul 2026 | 3.30% | 2.47% |
| Jun 2026 | 3.46% | 2.57% |
| May 2026 | 4.17% | 2.82% |
| Apr 2026 | 3.78% | 2.74% |
| Mar 2026 | 3.29% | 2.60% |
| Feb 2026 | 2.43% | 2.47% |
| Jan 2026 | 2.39% | 2.51% |
| Dec 2025 | 2.65% | 2.65% |
| Nov 2025 | 2.71% | 2.62% |
| Oct 2025 | Unavailable | Unavailable |
| Sep 2025 | 3.02% | 3.03% |
| Aug 2025 | 2.94% | 3.11% |
| Jul 2025 | 2.73% | 2.76% |
| Jun 2025 | 2.67% | 2.72% |
| May 2025 | 2.38% | 2.67% |
| Apr 2025 | 2.33% | 2.63% |
| Mar 2025 | 2.41% | 2.54% |
| Feb 2025 | 2.81% | 2.75% |
| Jan 2025 | 3.00% | 2.52% |
| Dec 2024 | 2.87% | 2.33% |
| Nov 2024 | 2.71% | 3.30% |
| Oct 2024 | 2.57% | 3.30% |
| Sep 2024 | 2.43% | 3.26% |
| Aug 2024 | 2.61% | 3.27% |
| Jul 2024 | 2.94% | 3.21% |
| Jun 2024 | 2.97% | 3.28% |
| May 2024 | 3.24% | 3.41% |
| Apr 2024 | 3.35% | 3.62% |
| Mar 2024 | 3.47% | 3.80% |
| Feb 2024 | 3.17% | 3.76% |
| Jan 2024 | 3.11% | 3.88% |
| Dec 2023 | 3.32% | 3.91% |
| Nov 2023 | 3.14% | 4.01% |
| Oct 2023 | 3.25% | 4.02% |
| Sep 2023 | 3.69% | 4.14% |
| Aug 2023 | 3.72% | 4.41% |
| Jul 2023 | 3.28% | 4.71% |
| Jun 2023 | 3.06% | 4.86% |
| May 2023 | 4.13% | 5.33% |
| Apr 2023 | 4.95% | 5.52% |
| Mar 2023 | 4.93% | 5.56% |
| Feb 2023 | 5.96% | 5.49% |
| Jan 2023 | 6.34% | 5.54% |
| Dec 2022 | 6.41% | 5.68% |
| Nov 2022 | 7.13% | 5.96% |
| Oct 2022 | 7.76% | 6.29% |
| Sep 2022 | 8.21% | 6.64% |
| Aug 2022 | 8.22% | 6.30% |
| Jul 2022 | 8.45% | 5.90% |
| Jun 2022 | 9.00% | 5.90% |
| May 2022 | 8.53% | 6.02% |
| Apr 2022 | 8.23% | 6.16% |
| Mar 2022 | 8.54% | 6.48% |
| Feb 2022 | 7.95% | 6.45% |
| Jan 2022 | 7.58% | 6.06% |
| Dec 2021 | 7.16% | 5.50% |
| Nov 2021 | 6.87% | 4.97% |
| Oct 2021 | 6.23% | 4.58% |
| Sep 2021 | 5.36% | 4.02% |
| Measure | Sep 2025 | Oct 2025 | Nov 2025 | Dec 2025 | Jan 2026 | Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CPI | 0.31% | — | 0.20% | 0.31% | 0.17% | 0.27% | 0.86% | 0.64% | 0.47% | -0.42% | 0.07% | 0.40% |
| Core CPI | 0.23% | — | 0.16% | 0.24% | 0.29% | 0.22% | 0.20% | 0.38% | 0.21% | -0.02% | 0.21% | — |
| PCE | 0.27% | 0.16% | 0.21% | 0.36% | 0.28% | 0.38% | 0.66% | 0.40% | 0.45% | -0.11% | 0.16% | — |
| Core PCE | 0.20% | 0.21% | 0.16% | 0.35% | 0.36% | 0.37% | 0.29% | 0.24% | 0.32% | 0.13% | 0.25% | — |
| PPI | 0.09% | -0.51% | 0.34% | -0.26% | 0.27% | 2.08% | 1.78% | 2.66% | 3.47% | -1.26% | -0.78% | 0.96% |
BLS (CPI, PPI) and BEA (PCE) via FRED. Colors describe monthly changes, not target thresholds. Window ends at the latest available monthly observation.
Changes compare the two most recent available observations, which may not be consecutive months. Percentage changes are shown as stored; raw index levels are not percentages. Observation dates are not release dates.
| Series | Latest observation | Latest | Prior observation | Prior | Change (pp) | Source |
|---|---|---|---|---|---|---|
| CPI YoYCPIAUCSL | Aug 2026 | 3.35% | Jul 2026 | 3.30% | +0.05 pp | BLS via FRED |
| PPI YoYPPIACO | Aug 2026 | 9.87% | Jul 2026 | 8.27% | +1.60 pp | BLS via FRED |
| Core CPI YoYCPILFESL | Aug 2026 | 2.22% | Jul 2026 | 2.47% | -0.24 pp | BLS via FRED |
| PCE YoYPCEPI | Jul 2026 | 3.43% | Jun 2026 | 3.49% | -0.06 pp | BEA via FRED |
| Core PCE YoYPCEPILFE | Jul 2026 | 3.11% | Jun 2026 | 3.03% | +0.08 pp | BEA via FRED |
| Series | Latest observation | Latest | Prior observation | Prior | Change (pp) | Source |
|---|---|---|---|---|---|---|
| CPI MoMCPIAUCSL | Aug 2026 | 0.40% | Jul 2026 | 0.07% | +0.32 pp | BLS via FRED |
| PPI MoMPPIACO | Aug 2026 | 0.96% | Jul 2026 | -0.78% | +1.74 pp | BLS via FRED |
| Core CPI MoMCPILFESL | Jul 2026 | 0.21% | Jun 2026 | -0.02% | +0.23 pp | BLS via FRED |
| PCE MoMPCEPI | Jul 2026 | 0.16% | Jun 2026 | -0.11% | +0.27 pp | BEA via FRED |
| Core PCE MoMPCEPILFE | Jul 2026 | 0.25% | Jun 2026 | 0.13% | +0.11 pp | BEA via FRED |
| Series | Latest observation | Latest | Prior observation | Prior | Change (index pts) | Source |
|---|---|---|---|---|---|---|
| Consumer Price Index (CPI)CPIAUCSL | Aug 2026 | 334.13 | Jul 2026 | 332.81 | +1.32 index pts | BLS via FRED |
| Producer Price IndexPPIACO | Aug 2026 | 287.93 | Jul 2026 | 284.06 | +3.87 index pts | BLS via FRED |
| Core CPICPILFESL | Aug 2026 | 337.77 | Jul 2026 | 336.79 | +0.98 index pts | BLS via FRED |
| Personal Consumption ExpendituresPCEPI | Aug 2026 | 131.58 | Jul 2026 | 131.66 | -0.08 index pts | BEA via FRED |
| Core PCEPCEPILFE | Jul 2026 | 130.66 | Jun 2026 | 130.27 | +0.39 index pts | BEA via FRED |
Sources: Federal Reserve Economic Data (FRED), U.S. Bureau of Labor Statistics (BLS), and Bureau of Economic Analysis (BEA). Data may be revised. Unavailable series are left blank, not estimated.