U.S. headline CPI inflation

Projected change in the all-items consumer price index.

United States · %5 extracted figures5 institutions1 comparable groups

2026 Q4 · Quarterly year-over-year

3 institutions
Forecasts by report dateUnited States
2.80%3.07%3.30%CONSENSUSJUL 26JUL 26JUL 26Wells Fargo · 3.1% · 2026-07-30RBC · 2.8% · 2026-07-13Fannie Mae · 3.3% · 2026-07-10Fannie Mae 3.3%

EmphasisedOther institutionsConsensus

InstitutionPeriodReportedForecast
Wells Fargo2026 Q4“Consumer Price Index | 2026 4Q | 3.1” — U.S. Economic Forecast table · 2026 Q4 · source ↗2026-07-303.1%
RBC2026 Q4“Headline CPI (y/y%) | 2026 Q4 | 2.8” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-132.8%
Fannie Mae2026 Q4“Consumer Price Index | 26.4 | 3.3” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.3%
Readout
Consensus
3.07%
Spread
+0.50%
Low
2.80%
High
3.30%
Reporting
3
Basis
Quarterly year-over-year

2026 Q4 · Quarterly annualized

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
Philadelphia Fed2026 Q4“2026:Q4 | Headline CPI | Current 2.5” — Median Short-Run Projections for Inflation · Quarterly · source ↗2026-05-152.5%
Readout
Low
2.50%
High
2.50%
Reporting
1
Basis
Quarterly annualized

One institution reporting — no consensus is claimed.

2026 Q3 · Quarterly annualized

1 institution
Single reported figureUnited States
InstitutionPeriodReportedForecast
Cleveland Fed2026 Q3“CPI Inflation · 07/27 · 1.48366639538164” — Historical JSON · 2026:Q3 · CPI Inflation · July 27 · source ↗2026-07-271.48%
Readout
Low
1.48%
High
1.48%
Reporting
1
Basis
Quarterly annualized

One institution reporting — no consensus is claimed.