Raw Data: The US Inflation Rate Is Currently 1.5%

In case you’re curious, here are the latest measures of inflation in the United States:

CPI is the usual Consumer Price Index, the one you see reported in your newspaper every month. PCE is the Personal Consumption Expenditure price index, the one used by the Fed when they set monetary policy. It’s available only through December, but it’s likely that when we get the January number it will be pretty close to the CPI figure of 1.5 percent.

Both measures peaked last July and have been dropping ever since. In particular, the PCE index was above the Fed’s target of 2 percent for only a few months. It fell below the target in September and has stayed below it ever since.

Future inflation expectations have hovered between 2-2.5 percent for the past two years. The average of three different measures (the dashed line in the chart below) is currently a hair above 2 percent:

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate