Inflation Year over Year August 2019
US Core Inflation Rate Year over Year August 2019
The US core inflation rate, which excludes volatile items such as food and energy, rose to 2.4 percent in August 2019, the highest in a year and above market consensus of 2.3 percent. Core Inflation Rate in the United States averaged 3.61 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.
|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||2.2%||2.1%||2.1%||2.1%|
|2019-09-12||12:30 PM||Core Inflation Rate YoY Aug||2.4%||2.2%||2.3%||2.2%|
|2019-10-10||12:30 PM||Core Inflation Rate YoY Sep||2.4%||2.4%|
|2019-11-13||01:30 PM||Core Inflation Rate YoY Oct||2.3%|
|2019-12-11||01:30 PM||Core Inflation Rate YoY Nov||2.1%|
US Inflation Rate Falls Unexpectedly in August
The US annual inflation rate fell to 1.7 percent in August 2019 from 1.8 percent in the previous month and below market consensus of 1.8 percent.
Food inflation stood at 1.7 percent in August, little-changed from 1.8 percent in July, as costs of food at home rose at a slower pace (0.5 percent vs 0.6 percent). Additional price increases were recorded for transportation services (0.9 percent vs 0.7 percent); medical care services (4.3 percent vs 3.3 percent); shelter (3.4 percent vs 3.5 percent); apparel (1.0 percent vs -0.5 percent); medical care commodities (0.1 percent vs -0.4 percent); new vehicles (0.2 percent vs 0.3 percent); and used cars and trucks (2.1 percent vs 1.5 percent).
Energy prices tumbled 4.4 percent in August, following a 2.0 percent drop in the previous month. Within energy commodities, gasoline cost declined 7.1 percent (vs -3.3 percent in July) and fuel oil went down 8.4 percent (vs -6.0 percent in July). Within energy services, electricity prices fell 0.1 percent (vs 0.5 percent in July) and utility (piped) gas service cost slid 3.5 percent (vs -2.9 percent in July).
The core inflation rate, which excludes volatile items such as food and energy, rose to 2.4 percent in August, the highest in a year and above market consensus of 2.3 percent.
On a monthly basis, consumer prices advanced 0.1 percent in August, after a 0.3 percent gain in July and in line with market forecasts. Increases in shelter and medical care prices offset a decline in energy cost.
|2019-06-12||12:30 PM||Inflation Rate YoY May||1.8%||2%||1.9%||1.9%|
|2019-07-11||12:30 PM||Inflation Rate YoY Jun||1.6%||1.8%||1.6%||1.7%|
|2019-08-13||12:30 PM||Inflation Rate YoY Jul||1.8%||1.6%||1.7%||1.7%|
|2019-09-12||12:30 PM||Inflation Rate YoY Aug||1.7%||1.8%||1.8%||1.9%|
|2019-10-10||12:30 PM||Inflation Rate YoY Sep||1.7%||1.9%|
|2019-11-13||01:30 PM||Inflation Rate YoY Oct||1.7%|
|2019-12-11||01:30 PM||Inflation Rate YoY Nov||1.8%|