Inflation in USA
USA - Inflation (end of period)
Inflation declines to lowest level since July in October
Consumer prices increased a seasonally-adjusted 0.04% in October over the previous month, coming in below September's 0.20% increase. October's result marked the softest reading since May. Looking at the details of the release, prices for housing increased at a faster rate in October. In contrast, prices for transportation increased at a slower rate. Meanwhile, food prices accelerated.
Inflation fell to 1.2% in October, easing slightly from September’s 1.4%. October's reading represented the weakest inflation rate since July. Annual average inflation remained at September's 1.4% in October. Lastly, core inflation edged down to 1.6% from the previous month's 1.7%. The core personal consumption expenditures price index—a gauge of household spending closely tracked by the Fed—accelerated to 1.4% in September, the latest month for which data is available. This was up from 1.3% in September and moved slightly closer to the Fed’s 2.0% target.
FocusEconomics Consensus Forecast participants expect inflation to average 1.9% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel expects inflation to average 1.9%.
United States - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||0.6||2.1||2.1||1.9||2.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Inflation (eop) Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2020
Retail sales expanded 0.3% on a month-on-month in seasonally-adjusted terms in October, which followed September's 1.6% increase and marked the weakest reading since April.
November 12, 2020
Consumer prices increased a seasonally-adjusted 0.04% in October over the previous month, coming in below September's 0.20% increase.
November 6, 2020
Total non-farm payrolls rose 638,000 in October, beating market analysts’ expectations of a 600,000 increase.
United States: Fed keeps rates at effective floor and sustains commitment to expanding its balance sheet
November 5, 2020
At its 4–5 November meeting, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%.
November 2, 2020
The Institute for Supply Management (ISM) manufacturing index increased to 59.3 in October from 55.4 in September, beating market expectations of 55.8 and marking the highest reading in just over two years.