U.S. headline CPI inflation
Projected change in the all-items consumer price index.
United States / Global · %148 extracted figures9 institutions5 comparable groups
Revisions on this metric
62 on record2027 full year · Annual growth
United States · 3 institutionsEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| IMF | 2027 full year“{"indicator":"PCPIPCH","area":"USA","year":"2027","value":2.8}” — DataMapper PCPIPCH/USA · source ↗ | 2026-10-08 | 2.8 |
| Fannie Mae | 2027 full year“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2027 annual column · source ↗ | 2026-09-11 | 1.7 |
| IMF | 2027 full year“{"indicator":"PCPIPCH","area":"USA","year":"2027","value":2.1}” — DataMapper PCPIPCH/USA · source ↗ | 2026-04-08 | 2.1 |
| CBO | 2027 full year“2027,cpiu_pct_change,2.547,projected” — economic_projections/calendar_2026-02.csv, cpiu_pct_change · source ↗ | 2026-02-01 | 2.547 |
| CBO | 2027 full year“2027,cpiu_pct_change,2.249,projected” — economic_projections/calendar_2025-09.csv, cpiu_pct_change · source ↗ | 2025-09-01 | 2.249 |
| CBO | 2027 full year“2027,cpiu_pct_change,2.315,projected” — economic_projections/calendar_2025-01.csv, cpiu_pct_change · source ↗ | 2025-01-01 | 2.315 |
| CBO | 2027 full year“2027,cpiu_pct_change,2.155,projected” — economic_projections/calendar_2024-06.csv, cpiu_pct_change · source ↗ | 2024-06-01 | 2.155 |
| CBO | 2027 full year“2027,cpiu_pct_change,2.188,projected” — economic_projections/calendar_2024-02.csv, cpiu_pct_change · source ↗ | 2024-02-01 | 2.188 |
Readout
- Consensus
- 2.35%
- Spread
- +1.10%
- Low
- 1.70%
- High
- 2.80%
- Reporting
- 3
- Basis
- Annual growth
2026 full year · Annual growth
United States · 3 institutionsEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| IMF | 2026 full year“{"indicator":"PCPIPCH","area":"USA","year":"2026","value":3.6}” — DataMapper PCPIPCH/USA · source ↗ | 2026-10-08 | 3.6 |
| Fannie Mae | 2026 full year“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2026 annual column · source ↗ | 2026-09-11 | 3.4 |
| IMF | 2026 full year“{"indicator":"PCPIPCH","area":"USA","year":"2026","value":3.2}” — DataMapper PCPIPCH/USA · source ↗ | 2026-04-08 | 3.2 |
| CBO | 2026 full year“2026,cpiu_pct_change,2.924,projected” — economic_projections/calendar_2026-02.csv, cpiu_pct_change · source ↗ | 2026-02-01 | 2.924 |
| CBO | 2026 full year“2026,cpiu_pct_change,2.744,projected” — economic_projections/calendar_2025-09.csv, cpiu_pct_change · source ↗ | 2025-09-01 | 2.744 |
| CBO | 2026 full year“2026,cpiu_pct_change,2.441,projected” — economic_projections/calendar_2025-01.csv, cpiu_pct_change · source ↗ | 2025-01-01 | 2.441 |
| CBO | 2026 full year“2026,cpiu_pct_change,2.232,projected” — economic_projections/calendar_2024-06.csv, cpiu_pct_change · source ↗ | 2024-06-01 | 2.232 |
| CBO | 2026 full year“2026,cpiu_pct_change,2.325,projected” — economic_projections/calendar_2024-02.csv, cpiu_pct_change · source ↗ | 2024-02-01 | 2.325 |
Readout
- Consensus
- 3.31%
- Spread
- +0.68%
- Low
- 2.92%
- High
- 3.60%
- Reporting
- 3
- Basis
- Annual growth
2026 Q4 · Quarterly year-over-year
United States · 3 institutionsEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2026 Q4“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2026 Q4 column · source ↗ | 2026-09-11 | 3.4 |
| Wells Fargo | 2026 Q4“Consumer Price Index | 2026 4Q | 3.1” — U.S. Economic Forecast table · 2026 Q4 · source ↗ | 2026-07-30 | 3.1% |
| RBC | 2026 Q4“Headline CPI (y/y%) | 2026 Q4 | 2.8” — U.S. Forecast Detail · 2026 Q4 · source ↗ | 2026-07-13 | 2.8% |
| Fannie Mae | 2026 Q4“Consumer Price Index | 26.4 | 3.3” — Economic Forecast table · 2026 Q4 · source ↗ | 2026-07-10 | 3.3% |
Readout
- Consensus
- 3.10%
- Spread
- +0.60%
- Low
- 2.80%
- High
- 3.40%
- Reporting
- 3
- Basis
- Quarterly year-over-year
2029 full year · Annual growth
United States · 2 institutionsEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| IMF | 2029 full year“{"indicator":"PCPIPCH","area":"USA","year":"2029","value":1.9}” — DataMapper PCPIPCH/USA · source ↗ | 2026-10-08 | 1.9 |
| IMF | 2029 full year“{"indicator":"PCPIPCH","area":"USA","year":"2029","value":2.2}” — DataMapper PCPIPCH/USA · source ↗ | 2026-04-08 | 2.2 |
| CBO | 2029 full year“2029,cpiu_pct_change,2.288,projected” — economic_projections/calendar_2026-02.csv, cpiu_pct_change · source ↗ | 2026-02-01 | 2.288 |
Readout
- Consensus
- 2.09%
- Spread
- +0.39%
- Low
- 1.90%
- High
- 2.29%
- Reporting
- 2
- Basis
- Annual growth
2028 full year · Annual growth
United States · 2 institutionsEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| IMF | 2028 full year“{"indicator":"PCPIPCH","area":"USA","year":"2028","value":2.1}” — DataMapper PCPIPCH/USA · source ↗ | 2026-10-08 | 2.1 |
| IMF | 2028 full year“{"indicator":"PCPIPCH","area":"USA","year":"2028","value":2.2}” — DataMapper PCPIPCH/USA · source ↗ | 2026-04-08 | 2.2 |
| CBO | 2028 full year“2028,cpiu_pct_change,2.361,projected” — economic_projections/calendar_2026-02.csv, cpiu_pct_change · source ↗ | 2026-02-01 | 2.361 |
| CBO | 2028 full year“2028,cpiu_pct_change,2.213,projected” — economic_projections/calendar_2025-09.csv, cpiu_pct_change · source ↗ | 2025-09-01 | 2.213 |
| CBO | 2028 full year“2028,cpiu_pct_change,2.257,projected” — economic_projections/calendar_2025-01.csv, cpiu_pct_change · source ↗ | 2025-01-01 | 2.257 |
Readout
- Consensus
- 2.23%
- Spread
- +0.26%
- Low
- 2.10%
- High
- 2.36%
- Reporting
- 2
- Basis
- Annual growth
2025 full year · Annual average
Global · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Morgan Stanley | 2025 full year“Inflation is likely to continue losing steam globally except for the U.S., slowing to 2.1% in 2025 and 2% in 2026, from 2.4% in 2024.” — Central Banks and Fiscal Policy section · source ↗ | 2025-05-28 | 2.1% |
Readout
- Low
- 2.10%
- High
- 2.10%
- Reporting
- 1
- Basis
- Annual average
One institution reporting. No consensus claimed.
2025 full year · Annual growth
Global · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Morgan Stanley | 2025 full year“Inflation is likely to continue losing steam globally except for the U.S., slowing to 2.1% in 2025 and 2% in 2026, from 2.4% in 2024.” — Central Banks and Fiscal Policy, paragraph beginning “Inflation is likely” · source ↗ | 2025-05-28 | 2.1% in 2025 |
Readout
- Low
- 2.10%
- High
- 2.10%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2026 full year · Annual average
Global · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Morgan Stanley | 2026 full year“Inflation is likely to continue losing steam globally except for the U.S., slowing to 2.1% in 2025 and 2% in 2026, from 2.4% in 2024.” — Central Banks and Fiscal Policy section · source ↗ | 2025-05-28 | 2% |
Readout
- Low
- 2.00%
- High
- 2.00%
- Reporting
- 1
- Basis
- Annual average
One institution reporting. No consensus claimed.
2026 full year · Annual growth
Global · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Morgan Stanley | 2026 full year“Inflation is likely to continue losing steam globally except for the U.S., slowing to 2.1% in 2025 and 2% in 2026, from 2.4% in 2024.” — Central Banks and Fiscal Policy, paragraph beginning “Inflation is likely” · source ↗ | 2025-05-28 | 2% in 2026 |
Readout
- Low
- 2.00%
- High
- 2.00%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
1 year ahead · Median household expectation
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| New York Fed | 1 year ahead“Median inflation expectations decreased by 0.1 percentage point (ppt) to 3.6 percent at the one-year-ahead horizon in July, while remaining unchanged at the three- and five-year-ahead horizons at 3.3 percent and 3.0 percent, respectively.” — July Survey summary, first bullet · source ↗ | 2026-08-30 | 3.6 percent |
Readout
- Low
- 3.60%
- High
- 3.60%
- Reporting
- 1
- Basis
- Median household expectation
One institution reporting. No consensus claimed.
2023 full year · Annual growth
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| CBO | 2023 full year“2023,cpiu_pct_change,4.12,projected” — economic_projections/calendar_2024-02.csv, cpiu_pct_change · source ↗ | 2024-02-01 | 4.12 |
Readout
- Low
- 4.12%
- High
- 4.12%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2024 full year · Annual growth
United States · 1 institutionEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| CBO | 2024 full year“2024,cpiu_pct_change,2.923,projected” — economic_projections/calendar_2025-01.csv, cpiu_pct_change · source ↗ | 2025-01-01 | 2.923 |
| CBO | 2024 full year“2024,cpiu_pct_change,3.193,projected” — economic_projections/calendar_2024-06.csv, cpiu_pct_change · source ↗ | 2024-06-01 | 3.193 |
| CBO | 2024 full year“2024,cpiu_pct_change,2.597,projected” — economic_projections/calendar_2024-02.csv, cpiu_pct_change · source ↗ | 2024-02-01 | 2.597 |
Readout
- Low
- 2.92%
- High
- 2.92%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2025 full year · Annual growth
United States · 1 institutionEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| CBO | 2025 full year“2025,cpiu_pct_change,2.767,projected” — economic_projections/calendar_2026-02.csv, cpiu_pct_change · source ↗ | 2026-02-01 | 2.767 |
| CBO | 2025 full year“2025,cpiu_pct_change,2.827,projected” — economic_projections/calendar_2025-09.csv, cpiu_pct_change · source ↗ | 2025-09-01 | 2.827 |
| CBO | 2025 full year“2025,cpiu_pct_change,2.235,projected” — economic_projections/calendar_2025-01.csv, cpiu_pct_change · source ↗ | 2025-01-01 | 2.235 |
| CBO | 2025 full year“2025,cpiu_pct_change,2.43,projected” — economic_projections/calendar_2024-06.csv, cpiu_pct_change · source ↗ | 2024-06-01 | 2.43 |
| CBO | 2025 full year“2025,cpiu_pct_change,2.515,projected” — economic_projections/calendar_2024-02.csv, cpiu_pct_change · source ↗ | 2024-02-01 | 2.515 |
Readout
- Low
- 2.77%
- High
- 2.77%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2026 Q3 · Quarterly annualized
United States · 1 institutionEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/13 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-14 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-13 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-11 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-10 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/07 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-08 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/06 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-07 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/02 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-05 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/02 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-03 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/01 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-02 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 09/30 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-10-01 | 1.57 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/29 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-30 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-29 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-28 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-27 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/25 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-26 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/24 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-25 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/23 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-24 | 1.53 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/22 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-23 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/21 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-22 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-21 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-20 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-19 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/17 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-18 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/16 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-17 | 1.44 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/15 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-16 | 1.35 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/14 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-15 | 1.35 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-14 | 1.35 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-13 | 1.35 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-12 | 1.35 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.24 | 1.91 | 2.47 | 3.00 | 09/10 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-11 | 1.24 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.30 | 1.91 | 2.51 | 3.00 | 09/09 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-10 | 1.30 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.29 | 1.91 | 2.50 | 3.00 | 09/08 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-09 | 1.29 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-08 | 1.27 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-07 | 1.27 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-06 | 1.27 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-05 | 1.27 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.26 | 1.91 | 2.49 | 3.00 | 09/03 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-04 | 1.26 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.25 | 1.91 | 2.48 | 3.00 | 09/02 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-03 | 1.25 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.10 | 1.91 | 2.39 | 3.00 | 09/01 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-02 | 1.10 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.05 | 1.91 | 2.36 | 3.00 | 08/31 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-09-01 | 1.05 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-31 | 1.07 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-30 | 1.07 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-29 | 1.07 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.01 | 1.91 | 2.34 | 3.00 | 08/27 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-28 | 1.01 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.03 | 1.91 | 2.35 | 3.00 | 08/26 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-27 | 1.03 |
| Cleveland Fed | 2026 Q3“| 2026:Q3 | 1.03 | 1.91 | 2.35 | 3.00 | 08/26 |” — Quarterly annualized percent change table, 2026:Q3 row, CPI column · source ↗ | 2026-08-26 | 1.03 |
| Cleveland Fed | 2026 Q3“CPI Inflation · 07/27 · 1.48366639538164” — Historical JSON · 2026:Q3 · CPI Inflation · July 27 · source ↗ | 2026-07-27 | 1.48% |
Readout
- Low
- 1.57%
- High
- 1.57%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2026 Q3 · Quarterly annualized
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2026 Q3“The forecasters expect current-quarter headline CPI inflation will average 2.3 percent at an annual rate, down from their prediction of 3.0 percent in the previous survey.” — Inflation outlook paragraph · source ↗ | 2026-08-14 | 2.3 percent |
Readout
- Low
- 2.30%
- High
- 2.30%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2026 Q3 · Quarterly year-over-year
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2026 Q3“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2026 Q3 column · source ↗ | 2026-09-11 | 3.4 |
Readout
- Low
- 3.40%
- High
- 3.40%
- Reporting
- 1
- Basis
- Quarterly year-over-year
One institution reporting. No consensus claimed.
2026 Q4 · Q4/Q4
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2026 Q4“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 2.9 | 3.1 | 2.7 | 1.7 | 2.3 | 2.0 | 2.7 | 3.1 | 2.0 |” — Forecast table, Consumer Price Index, 2026 annual column · source ↗ | 2026-08-13 | 3.1 |
Readout
- Low
- 3.10%
- High
- 3.10%
- Reporting
- 1
- Basis
- Q4/Q4
One institution reporting. No consensus claimed.
2026 Q4 · Q4/Q4
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2026 Q4“Measured on a fourth-quarter over fourth-quarter basis, headline CPI and core CPI inflation in 2026 are expected to average 3.6 percent and 2.8 percent, respectively, little changed from the previous estimates.” — Inflation outlook paragraph · source ↗ | 2026-08-14 | 3.6 percent |
Readout
- Low
- 3.60%
- High
- 3.60%
- Reporting
- 1
- Basis
- Q4/Q4
One institution reporting. No consensus claimed.
2026 Q4 · Quarterly annualized
United States · 1 institutionEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2026 Q4“| 2026:Q4 | 2.5 | 2.5 | 2.7 | 2.8 | 2.4 | 2.6 | 2.6 | 2.6 |” — Inflation table, 2026:Q4 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.5 |
| Philadelphia Fed | 2026 Q4“2026:Q4 | Headline CPI | Current 2.5” — Median Short-Run Projections for Inflation · Quarterly · source ↗ | 2026-05-15 | 2.5% |
Readout
- Low
- 2.50%
- High
- 2.50%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2026 Q4 · Quarterly annualized
United States · 1 institutionEmphasisedOther institutionsConsensus
| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Cleveland Fed | 2026 Q4“2026:Q4 | 4.40 | 3.40 | 3.94 | 3.38 | 11/10” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-11 | 4.40 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.40 | 3.40 | 3.94 | 3.38 | 11/10 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-10 | 4.40 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.24 | 3.02 | 3.95 | 3.33 | 11/09 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-09 | 4.24 |
| Cleveland Fed | 2026 Q4“2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column (model nowcast, updated 11/06) · source ↗ | 2026-11-08 | 4.22 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column (nowcast model output) · source ↗ | 2026-11-07 | 4.22 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-06 | 4.22 |
| Cleveland Fed | 2026 Q4“2026:Q4 | 4.07 | 3.02 | 3.85 | 3.33 | 11/05” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-05 | 4.07 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.31 | 3.02 | 3.99 | 3.33 | 11/04 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-04 | 4.31 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.42 | 3.02 | 4.05 | 3.33 | 11/03 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-03 | 4.42 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.26 | 3.02 | 4.52 | 3.33 | 11/02 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-11-02 | 5.26 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.08 | 3.02 | 4.42 | 3.33 | 10/30 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column, Updated 10/30 · source ↗ | 2026-11-01 | 5.08 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.08 | 3.02 | 4.42 | 3.33 | 10/30 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column, Updated 10/30 · source ↗ | 2026-10-31 | 5.08 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.45 | 3.33 | 10/29 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-29 | 5.13 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.05 | 3.02 | 4.28 | 3.15 | 10/28 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-28 | 5.05 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.21 | 3.02 | 4.37 | 3.15 | 10/27 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-27 | 5.21 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.35 | 3.02 | 4.45 | 3.15 | 10/26 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-26 | 5.35 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-25 | 5.13 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column (model nowcast) · source ↗ | 2026-10-24 | 5.13 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-23 | 5.13 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.84 | 3.02 | 4.16 | 3.15 | 10/22 |” — Quarterly annualized percent change table, row 2026:Q4, CPI column · source ↗ | 2026-10-22 | 4.84 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.85 | 3.02 | 4.17 | 3.15 | 10/21 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-21 | 4.85 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.98 | 3.02 | 4.24 | 3.15 | 10/20 |” — Quarterly annualized percent change table, 2026:Q4 row · source ↗ | 2026-10-20 | 4.98 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 5.03 | 3.02 | 4.27 | 3.15 | 10/19 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-19 | 5.03 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-18 | 4.77 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-17 | 4.77 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-16 | 4.77 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.82 | 3.02 | 4.15 | 3.15 | 10/14 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-15 | 4.82 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.50 | 2.56 | 4.06 | 3.05 | 10/13 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-14 | 4.50 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-13 | 4.39 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-12 | 4.39 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-11 | 4.39 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-10 | 4.39 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.12 | 2.56 | 3.85 | 3.05 | 10/08 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-09 | 4.12 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.14 | 2.56 | 3.86 | 3.05 | 10/07 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-08 | 4.14 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.10 | 2.56 | 3.84 | 3.05 | 10/06 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-07 | 4.10 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.01 | 2.56 | 3.79 | 3.05 | 10/05 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-06 | 4.01 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-05 | 4.02 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-04 | 4.02 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-03 | 4.02 |
| Cleveland Fed | 2026 Q4“| 2026:Q4 | 4.24 | 2.56 | 3.91 | 3.05 | 10/01 |” — Quarterly annualized percent change table, 2026:Q4 row, CPI column · source ↗ | 2026-10-02 | 4.24 |
Readout
- Low
- 4.40%
- High
- 4.40%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2026 full year · Annual average
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2026 full year“Over the next 10 years, 2026 to 2035, the forecasters predict headline CPI inflation will be at an annual-average rate of 2.30 percent.” — Long-run inflation paragraph · source ↗ | 2026-08-14 | 2.30 percent |
Readout
- Low
- 2.30%
- High
- 2.30%
- Reporting
- 1
- Basis
- Annual average
One institution reporting. No consensus claimed.
2026 full year · Annual growth
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2026 full year“Year-over-year CPI inflation is now expected to be 3.6 percent in 2026, up from the previous forecast of 2.8 percent in the December 2025 survey.” — Page 1, CPI paragraph · source ↗ | 2026-06-24 | 3.6 percent |
Readout
- Low
- 3.60%
- High
- 3.60%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2027 Q1 · Quarterly annualized
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2027 Q1“| 2027:Q1 | 2.5 | 2.5 | 2.7 | 2.8 | 2.5 | 2.5 | 2.6 | 2.6 |” — Inflation table, 2027:Q1 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.5 |
Readout
- Low
- 2.50%
- High
- 2.50%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2027 Q1 · Quarterly year-over-year
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2027 Q1“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2027 Q1 column · source ↗ | 2026-09-11 | 2.9 |
Readout
- Low
- 2.90%
- High
- 2.90%
- Reporting
- 1
- Basis
- Quarterly year-over-year
One institution reporting. No consensus claimed.
2027 Q2 · Quarterly annualized
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2027 Q2“| 2027:Q2 | 2.4 | 2.3 | 2.5 | 2.5 | 2.3 | 2.3 | 2.4 | 2.4 |” — Inflation table, 2027:Q2 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.3 |
Readout
- Low
- 2.30%
- High
- 2.30%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2027 Q2 · Quarterly year-over-year
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2027 Q2“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2027 Q2 column · source ↗ | 2026-09-11 | 1.8 |
Readout
- Low
- 1.80%
- High
- 1.80%
- Reporting
- 1
- Basis
- Quarterly year-over-year
One institution reporting. No consensus claimed.
2027 Q3 · Quarterly annualized
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2027 Q3“| 2027:Q3 | N.A. | 2.4 | N.A. | 2.5 | N.A. | 2.3 | N.A. | 2.3 |” — Inflation table, 2027:Q3 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.4 |
Readout
- Low
- 2.40%
- High
- 2.40%
- Reporting
- 1
- Basis
- Quarterly annualized
One institution reporting. No consensus claimed.
2027 Q3 · Quarterly year-over-year
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2027 Q3“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2027 Q3 column · source ↗ | 2026-09-11 | 1.8 |
Readout
- Low
- 1.80%
- High
- 1.80%
- Reporting
- 1
- Basis
- Quarterly year-over-year
One institution reporting. No consensus claimed.
2027 Q4 · Q4/Q4
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2027 Q4“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 2.9 | 3.1 | 2.7 | 1.7 | 2.3 | 2.0 | 2.7 | 3.1 | 2.0 |” — Forecast table, Consumer Price Index, 2027 annual column · source ↗ | 2026-08-13 | 2.0 |
Readout
- Low
- 2.00%
- High
- 2.00%
- Reporting
- 1
- Basis
- Q4/Q4
One institution reporting. No consensus claimed.
2027 Q4 · Q4/Q4
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2027 Q4“| 2027 | 2.5 | 2.3 | 2.6 | 2.6 | 2.3 | 2.3 | 2.4 | 2.4 |” — Inflation table, 2027 Q4/Q4 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.3 |
Readout
- Low
- 2.30%
- High
- 2.30%
- Reporting
- 1
- Basis
- Q4/Q4
One institution reporting. No consensus claimed.
2027 Q4 · Quarterly year-over-year
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Fannie Mae | 2027 Q4“| Consumer Price Index | 2.7 | 2.5 | 2.9 | 2.7 | 2.7 | 3.8 | 3.4 | 3.4 | 2.9 | 1.8 | 1.8 | 1.7 | 2.7 | 3.4 | 1.7 |” — Table, Consumer Price Index row, 2027 Q4 column · source ↗ | 2026-09-11 | 1.7 |
Readout
- Low
- 1.70%
- High
- 1.70%
- Reporting
- 1
- Basis
- Quarterly year-over-year
One institution reporting. No consensus claimed.
2027 full year · Annual growth
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2027 full year“The forecasters predict CPI inflation will then fall to 2.5 percent in 2027.” — Page 1, CPI paragraph · source ↗ | 2026-06-24 | 2.5 percent |
Readout
- Low
- 2.50%
- High
- 2.50%
- Reporting
- 1
- Basis
- Annual growth
One institution reporting. No consensus claimed.
2028 Q4 · Q4/Q4
United States · 1 institution| Institution | Period | Reported | Forecast |
|---|---|---|---|
| Philadelphia Fed | 2028 Q4“| 2028 | 2.4 | 2.3 | 2.4 | 2.4 | 2.2 | 2.1 | 2.1 | 2.2 |” — Inflation table, 2028 Q4/Q4 row, Current Headline CPI column · source ↗ | 2026-08-14 | 2.3 |
Readout
- Low
- 2.30%
- High
- 2.30%
- Reporting
- 1
- Basis
- Q4/Q4
One institution reporting. No consensus claimed.