Inflation Year or Year June 2019
Core consumer prices in the United States increased 2.10 percent in June of 2019 over the same month in the previous year. Core Inflation Rate in the United States averaged 3.62 percent from 1957 until 2019, reaching an all time high of 13.60 percent in June of 1980 and a record low of 0 percent in May of 1957.
The US annual inflation rate fell to 1.6 percent in June 2019 from 1.8 percent in the previous month, as food prices rose at a softer pace while energy cost continued to decline. The core inflation rate, which excludes volatile items such as food and energy, edged up to 2.1 percent, beating forecast of 2 percent. On a monthly basis, the core index increased 0.3 percent, the most since January 2018. Inflation Rate in the United States averaged 3.26 percent from 1914 until 2019, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.
The US annual inflation rate fell to 1.6 percent in June 2019 from 1.8 percent in the previous month and in line with market expectations.
Energy prices plunged 3.4 percent, following a 0.5 percent fall in the previous month. Within energy commodities, gasoline cost declined 5.4 percent (vs -0.2 percent in May) and fuel oil went down 5.6 percent (vs -0.8 percent in May). Within energy services, electricity prices retreated 0.3 percent (vs -0.2 percent in May) and utility (piped) gas service cost dropped 2.1 percent (vs -2.6 percent in May). Declines were also seen in cost of apparel (-1.3 percent vs -3.1 percent) and medical care commodities (-1.5 percent vs -0.7 percent).
Food inflation eased to 1.9 percent in June from 2 percent in May, due in particular to food at home (0.9 percent vs 1.2 percent) while costs of food away from home rose at faster pace (3.1 percent vs 2.9 percent). Additional price increases were recorded for transportation services (0.9 percent vs 1.1 percent); medical care services (2.8 percent); shelter (3.5 percent vs 3.3 percent); new vehicles (0.6 percent vs 0.9 percent); and used cars and trucks (1.2 percent vs 0.3 percent).
The core inflation rate, which excludes volatile items such as food and energy, edged up to 2.1 percent in June from 2 percent in May, beating market consensus of 2 percent.
On a monthly basis, consumer prices gained 0.1 percent in June, the same pace as in May and below expectations of 0.2 percent. The food index was unchanged while the energy index fell 2.3 percent. Additional upward pressure came from shelter, used cars and trucks, and apparel, the indexes for household furnishings and operations, medical care, and motor vehicle insurance; while declines were seen in recreation, airline fares, and personal care. Core consumer prices increased 0.3 percent, the largest increase since January 2018 and also above forecasts of 0.2 percent.
|2019-04-10||12:30 PM||Core Inflation Rate YoY Mar||2%||2.1%||2.1%||2.2%|
|2019-05-10||12:30 PM||Core Inflation Rate YoY Apr||2.1%||2%||2.1%||2%|
|2019-06-12||12:30 PM||Core Inflation Rate YoY May||2%||2.1%||2.1%||2.1%|
|2019-07-11||12:30 PM||Core Inflation Rate YoY Jun||2.1%||2%||2%||2%|
|2019-08-13||12:30 PM||Core Inflation Rate YoY Jul||2.1%||2.1%|
|2019-09-12||12:30 PM||Core Inflation Rate YoY Aug||2%|
|2019-10-10||12:30 PM||Core Inflation Rate YoY Sep||2%|