Consumer Price Index (CPI) News

CPI-U US City Average All Items

This page presents the most recently reported value for the United States Consumer Price Index (CPI), along with historical data.

Latest Release

CPI for all items decreased by 0.1% in June.

Consumer prices have increased by 2.9% over the past twelve months.

Implications

The latest CPI report suggests that inflation is beginning to moderate. This is good news for consumers, as it means that the cost of living is not rising as quickly as it has been in recent months.

However, it is important to note that inflation is still well above the Federal Reserve's target of 2%. This means that the Fed is likely to continue raising interest rates in order to bring inflation down.

The next CPI report is scheduled to be released on August 10th.