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Economy & Macro · Time-series

U.S. Core Inflation Rate (CPI ex food & energy, year-over-year)

The year-over-year change in core CPI — inflation without volatile food and energy prices, the Federal Reserve's preferred lens.

Unit
%
024682.45Aug 01Jul 01Aug 01

Executive summary

U.S. Core Inflation Rate (CPI ex food & energy, year-over-year) rose from 2.31% (2016-08-01) to 2.45% (2026-08-01) — a 6.1% change over the period. The window peaked at 6.62% (2022-09-01) and bottomed at 1.18% (2020-06-01).

The latest observation (2026-08-01) sits below the period average of 3.12%. Raw data and methodology are open: check the source box or download CSV/JSON.

Source & metadata
Source
FRED — Federal Reserve Bank of St. Louis
Updated
2026-10-03
Methodology
Year-over-year change of the Consumer Price Index for All Urban Consumers: All Items Less Food and Energy (FRED series CPILFESL), computed by AxioStats as (CPIₜ − CPIₜ₋₁₂) / CPIₜ₋₁₂ × 100 from the raw monthly index.

Data

DateValue
2016-08-012.31
2016-09-012.27
2016-10-012.2
2016-11-012.15
2016-12-012.2
2017-01-012.25
2017-02-012.24
2017-03-012.05
2017-04-011.9
2017-05-011.74
2017-06-011.7
2017-07-011.68
2017-08-011.66
2017-09-011.6
2017-10-011.76
2017-11-011.74
2017-12-011.77
2018-01-011.89
2018-02-011.88
2018-03-012.12
2018-04-012.15
2018-05-012.27
2018-06-012.25
2018-07-012.27
2018-08-012.12
2018-09-012.2
2018-10-012.13
2018-11-012.22
2018-12-012.25
2019-01-012.18
2019-02-012.14
2019-03-012.07
2019-04-012.09
2019-05-011.97
2019-06-012.07
2019-07-012.17
2019-08-012.32
2019-09-012.33
2019-10-012.34
2019-11-012.35
2019-12-012.29
2020-01-012.28
2020-02-012.37
2020-03-012.1
2020-04-011.43
2020-05-011.22
2020-06-011.18
2020-07-011.56
2020-08-011.72
2020-09-011.72
2020-10-011.64
2020-11-011.67
2020-12-011.62
2021-01-011.38
2021-02-011.28
2021-03-011.65
2021-04-012.98
2021-05-013.79
2021-06-014.44
2021-07-014.21
2021-08-013.94
2021-09-014
2021-10-014.59
2021-11-014.97
2021-12-015.49
2022-01-016.05
2022-02-016.46
2022-03-016.48
2022-04-016.16
2022-05-016.03
2022-06-015.91
2022-07-015.9
2022-08-016.29
2022-09-016.62
2022-10-016.29
2022-11-015.97
2022-12-015.69
2023-01-015.54
2023-02-015.5
2023-03-015.57
2023-04-015.51
2023-05-015.34
2023-06-014.85
2023-07-014.7
2023-08-014.4
2023-09-014.13
2023-10-014.03
2023-11-014.02
2023-12-013.92
2024-01-013.86
2024-02-013.76
2024-03-013.82
2024-04-013.63
2024-05-013.39
2024-06-013.27
2024-07-013.23
2024-08-013.29
2024-09-013.28
2024-10-013.3
2024-11-013.29
2024-12-013.21
2025-01-013.28
2025-02-013.14
2025-03-012.81
2025-04-012.78
2025-05-012.77
2025-06-012.91
2025-07-013.05
2025-08-013.11
2025-09-013.02
2025-11-012.6
2025-12-012.65
2026-01-012.51
2026-02-012.47
2026-03-012.6
2026-04-012.74
2026-05-012.82
2026-06-012.57
2026-07-012.47
2026-08-012.45

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