Inflation in USA
USA - Inflation
Inflation increases in June
Consumer prices rose 0.57% over the previous month in June, contrasting May’s 0.1% dip. A surge in energy and transport was chiefly behind June’s print. Core consumer prices—which exclude volatile items such as food and energy—increased 0.23% in June (May: -0.1% month-on-month).
Inflation accelerated 0.6% in June, which was up from 0.1% in May. Meanwhile, core inflation was stable at May’s 1.2%. The core personal consumption expenditures price index—a gauge of household spending closely tracked by the Fed—ticked down to 0.5% in May, the latest month for which data is available, from 0.6% in April and falling further below the Fed’s 2.0% target.
FocusEconomics participants expect inflation to average 0.8% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects inflation to average 1.6%.
United States - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.1||1.3||2.1||2.4||1.8|
5 years of economic forecasts for more than 30 economic indicators.
United States Inflation Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 3, 2020
The Institute for Supply Management (ISM) manufacturing index increased from 52.6 in June to 54.2 in July, beating market expectations of 53.6 and marking the highest reading since March 2019.
July 29, 2020
The Conference Board’s consumer confidence index decreased to 92.6 in July from 98.3 in June.
July 16, 2020
Nominal retail sales increased 7.5% in month-on-month seasonally-adjusted terms in June.
July 14, 2020
Consumer prices rose 0.57% over the previous month in June, contrasting May’s 0.1% dip.
July 2, 2020
Total non-farm payrolls soared 4.8 million in June, increasing at the fastest rate since the series began in 1939, and beat market analysts’ expectations of a 3.0 million rise.