United States Inflation

United States

United States: Inflation climbs to three-year high

October 19, 2011

In September, consumer prices added 0.3% over the previous month in seasonally adjusted terms, which marked the slowest pace in three months but was in line with market expectations. As in previous months, higher prices for food and transportation were the main divers behind the increase, which were partly offset by lower clothing prices. Despite the relatively subdued monthly print, annual headline inflation inched up to 3.9% in September, which represents its highest level in three years. Meanwhile, the closely monitored core inflation index, which excludes food and energy prices, rose 0.1% over August, leaving annual core inflation unchanged at 2.0%. The Fed expects PCE inflation (based on the price index for personal consumption expenditures) to average between 2.1% and 2.8% in 2011 and between 1.2% and 2.0% in 2012.


Sample Report

Looking for forecasts related to Inflation in United States? Download a sample report now.


United States Economic News

More news

Search form