MarketXLS

US Core Inflation Rate

2.57 for Jun 2026

US Core Inflation Rate came in at 2.57 (Percent) for Jun 2026, down 8.87% from 2.82 the prior month and 11.68% below its level of 2.91 one year ago. The series has averaged 3.66 since 1958, reaching a record high of 13.6 in June 1980 and a record low of 0.6 in October 2010.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "US Core Inflation Rate," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/core-inflation-rate

Historical Data

Observation dateValue
June 1, 20262.57
May 1, 20262.82
April 1, 20262.74
March 1, 20262.6
February 1, 20262.47
January 1, 20262.51
December 1, 20252.65
November 1, 20252.6
September 1, 20253.02
August 1, 20253.11
July 1, 20253.05
June 1, 20252.91
May 1, 20252.77
April 1, 20252.78
March 1, 20252.81
February 1, 20253.14
January 1, 20253.28
December 1, 20243.21
November 1, 20243.29
October 1, 20243.3
September 1, 20243.28
August 1, 20243.29
July 1, 20243.23
June 1, 20243.27
May 1, 20243.39
April 1, 20243.63
March 1, 20243.82
February 1, 20243.76
January 1, 20243.86
December 1, 20233.92
November 1, 20234.02
October 1, 20234.03
September 1, 20234.13
August 1, 20234.4
July 1, 20234.7
June 1, 20234.85
May 1, 20235.34
April 1, 20235.51
March 1, 20235.57
February 1, 20235.5
January 1, 20235.54
December 1, 20225.69
November 1, 20225.97
October 1, 20226.29
September 1, 20226.62
August 1, 20226.29
July 1, 20225.9
June 1, 20225.91
May 1, 20226.03
April 1, 20226.16
March 1, 20226.48
February 1, 20226.46
January 1, 20226.05
December 1, 20215.49
November 1, 20214.97
October 1, 20214.59
September 1, 20214
August 1, 20213.94
July 1, 20214.21
June 1, 20214.44
May 1, 20213.79
April 1, 20212.98
March 1, 20211.65
February 1, 20211.28
January 1, 20211.38
December 1, 20201.62
November 1, 20201.67
October 1, 20201.64
September 1, 20201.72
August 1, 20201.72
July 1, 20201.56
June 1, 20201.18
May 1, 20201.22
April 1, 20201.43
March 1, 20202.1
February 1, 20202.37
January 1, 20202.28
December 1, 20192.29
November 1, 20192.35
October 1, 20192.34
September 1, 20192.33
August 1, 20192.32
July 1, 20192.17
June 1, 20192.07
May 1, 20191.97
April 1, 20192.09
March 1, 20192.07
February 1, 20192.14
January 1, 20192.18
December 1, 20182.25
November 1, 20182.22
October 1, 20182.13
September 1, 20182.2
August 1, 20182.12
July 1, 20182.27
June 1, 20182.25
May 1, 20182.27
April 1, 20182.15
March 1, 20182.12
February 1, 20181.88
January 1, 20181.89
December 1, 20171.77
November 1, 20171.74
October 1, 20171.76
September 1, 20171.6
August 1, 20171.66
July 1, 20171.68
June 1, 20171.7
May 1, 20171.74
April 1, 20171.9
March 1, 20172.05
February 1, 20172.24
January 1, 20172.25
December 1, 20162.2
November 1, 20162.15
October 1, 20162.2
September 1, 20162.27
August 1, 20162.31
July 1, 20162.17
June 1, 20162.26
May 1, 20162.25
April 1, 20162.16
March 1, 20162.14
February 1, 20162.22
January 1, 20162.15
December 1, 20152.07
November 1, 20152
October 1, 20151.91
September 1, 20151.9
August 1, 20151.85
July 1, 20151.83
June 1, 20151.78
May 1, 20151.75
April 1, 20151.8
March 1, 20151.75
February 1, 20151.69
January 1, 20151.63
December 1, 20141.62
November 1, 20141.74
October 1, 20141.82
September 1, 20141.74
August 1, 20141.74
July 1, 20141.84
June 1, 20141.92
May 1, 20141.95
April 1, 20141.82
March 1, 20141.65
February 1, 20141.55
January 1, 20141.61
December 1, 20131.74
November 1, 20131.74
October 1, 20131.69
September 1, 20131.75
August 1, 20131.78
July 1, 20131.7
June 1, 20131.62
May 1, 20131.65
April 1, 20131.72
March 1, 20131.89
February 1, 20131.99
January 1, 20131.91
December 1, 20121.9
November 1, 20121.95
October 1, 20121.99
September 1, 20122.01
August 1, 20121.94
July 1, 20122.11
June 1, 20122.19
May 1, 20122.25
April 1, 20122.31
March 1, 20122.25
February 1, 20122.16
January 1, 20122.28
December 1, 20112.28
November 1, 20112.14
October 1, 20112.11
September 1, 20111.99
August 1, 20111.97
July 1, 20111.74
June 1, 20111.58
May 1, 20111.45
April 1, 20111.32
March 1, 20111.21
February 1, 20111.12
January 1, 20110.98
December 1, 20100.66
November 1, 20100.67
October 1, 20100.6
September 1, 20100.81
August 1, 20100.92
July 1, 20100.96
June 1, 20100.95
May 1, 20100.94
April 1, 20100.97
March 1, 20101.16
February 1, 20101.35
January 1, 20101.51
December 1, 20091.82
November 1, 20091.71
October 1, 20091.71
September 1, 20091.48
August 1, 20091.43
July 1, 20091.53
June 1, 20091.71
May 1, 20091.85
April 1, 20091.93
March 1, 20091.79
February 1, 20091.8
January 1, 20091.67
December 1, 20081.76
November 1, 20082.02
October 1, 20082.22
September 1, 20082.44
August 1, 20082.5
July 1, 20082.46
June 1, 20082.39
May 1, 20082.32
April 1, 20082.29
March 1, 20082.39
February 1, 20082.3
January 1, 20082.48
December 1, 20072.44
November 1, 20072.34
October 1, 20072.16
September 1, 20072.1
August 1, 20072.09
July 1, 20072.17
June 1, 20072.18
May 1, 20072.27
April 1, 20072.42
March 1, 20072.51
February 1, 20072.72
January 1, 20072.66
December 1, 20062.61
November 1, 20062.62
October 1, 20062.77
September 1, 20062.93
August 1, 20062.83
July 1, 20062.69
June 1, 20062.64
May 1, 20062.44
April 1, 20062.3
March 1, 20062.1
February 1, 20062.11
January 1, 20062.11
December 1, 20052.11
November 1, 20052.12
October 1, 20052.07
September 1, 20051.92
August 1, 20052.13
July 1, 20052.08
June 1, 20052.03
May 1, 20052.19
April 1, 20052.19
March 1, 20052.35
February 1, 20052.31
January 1, 20052.26
December 1, 20042.27
November 1, 20042.22
October 1, 20042.01
September 1, 20041.96
August 1, 20041.7
July 1, 20041.76
June 1, 20041.87
May 1, 20041.71
April 1, 20041.77
March 1, 20041.56
February 1, 20041.25
January 1, 20041.14
December 1, 20031.09
November 1, 20031.09
October 1, 20031.31
September 1, 20031.25
August 1, 20031.31
July 1, 20031.52
June 1, 20031.47
May 1, 20031.53
April 1, 20031.48
March 1, 20031.74
February 1, 20031.8
January 1, 20031.96
December 1, 20021.96
November 1, 20022.02
October 1, 20022.19
September 1, 20022.24
August 1, 20022.36
July 1, 20022.2
June 1, 20022.26
May 1, 20022.54
April 1, 20022.49
March 1, 20022.44
February 1, 20022.55
January 1, 20022.61
December 1, 20012.78
November 1, 20012.73
October 1, 20012.63
September 1, 20012.63
August 1, 20012.64
July 1, 20012.7
June 1, 20012.71
May 1, 20012.55
April 1, 20012.66
March 1, 20012.61
February 1, 20012.79
January 1, 20012.57
December 1, 20002.57
November 1, 20002.63
October 1, 20002.53
September 1, 20002.53
August 1, 20002.59
July 1, 20002.48
June 1, 20002.55
May 1, 20002.38
April 1, 20002.27
March 1, 20002.45
February 1, 20002.16
January 1, 20002.11
December 1, 19991.88
November 1, 19992.06
October 1, 19992.12
September 1, 19992.07
August 1, 19991.9
July 1, 19992.07
June 1, 19991.96
May 1, 19992.08
April 1, 19992.2
March 1, 19992.03
February 1, 19992.15
January 1, 19992.33
December 1, 19982.45
November 1, 19982.34
October 1, 19982.23
September 1, 19982.35
August 1, 19982.47
July 1, 19982.24
June 1, 19982.24
May 1, 19982.19
April 1, 19982.13
March 1, 19982.26
February 1, 19982.26
January 1, 19982.26
December 1, 19972.27
November 1, 19972.15
October 1, 19972.28
September 1, 19972.22
August 1, 19972.29
July 1, 19972.41
June 1, 19972.42
May 1, 19972.55
April 1, 19972.61
March 1, 19972.43
February 1, 19972.5
January 1, 19972.5
December 1, 19962.64
November 1, 19962.58
October 1, 19962.52
September 1, 19962.65
August 1, 19962.6
July 1, 19962.66
June 1, 19962.67
May 1, 19962.68
April 1, 19962.62
March 1, 19962.81
February 1, 19962.89
January 1, 19962.96
December 1, 19953.03
November 1, 19953.03
October 1, 19953.11
September 1, 19952.98
August 1, 19952.99
July 1, 19953
June 1, 19953.01
May 1, 19953.08
April 1, 19953.15
March 1, 19952.96
February 1, 19952.97
January 1, 19952.91
December 1, 19942.59
November 1, 19942.79
October 1, 19942.87
September 1, 19943.01
August 1, 19942.81
July 1, 19942.89
June 1, 19942.83
May 1, 19942.7
April 1, 19942.71
March 1, 19942.98
February 1, 19942.79
January 1, 19942.93
December 1, 19933.14
November 1, 19933.15
October 1, 19933.09
September 1, 19933.24
August 1, 19933.31
July 1, 19933.18
June 1, 19933.4
May 1, 19933.41
April 1, 19933.49
March 1, 19933.36
February 1, 19933.58
January 1, 19933.45
December 1, 19923.39
November 1, 19923.47
October 1, 19923.55
September 1, 19923.28
August 1, 19923.5
July 1, 19923.72
June 1, 19923.74
May 1, 19923.89
April 1, 19923.83
March 1, 19923.84
February 1, 19923.71
January 1, 19924.01
December 1, 19914.4
November 1, 19914.49
October 1, 19914.43
September 1, 19914.6
August 1, 19914.61
July 1, 19914.79
June 1, 19914.96
May 1, 19915.13
April 1, 19915.15
March 1, 19915.24
February 1, 19915.65
January 1, 19915.6
December 1, 19905.32
November 1, 19905.26
October 1, 19905.36
September 1, 19905.54
August 1, 19905.48
July 1, 19905.11
June 1, 19904.89
May 1, 19904.75
April 1, 19904.85
March 1, 19904.79
February 1, 19904.57
January 1, 19904.43
December 1, 19894.44
November 1, 19894.38
October 1, 19894.31
September 1, 19894.17
August 1, 19894.44
July 1, 19894.53
June 1, 19894.55
May 1, 19894.56
April 1, 19894.5
March 1, 19894.68
February 1, 19894.7
January 1, 19894.63
December 1, 19884.65
November 1, 19884.58
October 1, 19884.51
September 1, 19884.61
August 1, 19884.47
July 1, 19884.48
June 1, 19884.5
May 1, 19884.25
April 1, 19884.26
March 1, 19884.37
February 1, 19884.3
January 1, 19884.31
December 1, 19874.15
November 1, 19874.16
October 1, 19874.17
September 1, 19874.01
August 1, 19873.94
July 1, 19873.95
June 1, 19873.97
May 1, 19874.07
April 1, 19873.9
March 1, 19873.64
February 1, 19873.57
January 1, 19873.57
December 1, 19863.77
November 1, 19863.78
October 1, 19864.07
September 1, 19864.18
August 1, 19864.01
July 1, 19864.02
June 1, 19863.94
May 1, 19863.95
April 1, 19864.15
March 1, 19864.07
February 1, 19864.18
January 1, 19864.48
December 1, 19854.31
November 1, 19854.42
October 1, 19854.05
September 1, 19853.97
August 1, 19854.17
July 1, 19854.19
June 1, 19854.4
May 1, 19854.51
April 1, 19854.53
March 1, 19854.75
February 1, 19854.77
January 1, 19854.49
December 1, 19844.91
November 1, 19844.83
October 1, 19845.15
September 1, 19845.27
August 1, 19845.29
July 1, 19845.21
June 1, 19845.34
May 1, 19845.26
April 1, 19845.17
March 1, 19845.09
February 1, 19844.9
January 1, 19845.02
December 1, 19834.73
November 1, 19834.32
October 1, 19833.59
September 1, 19833.4
August 1, 19833.09
July 1, 19833.21
June 1, 19833.23
May 1, 19833.67
April 1, 19834.12
March 1, 19834.58
February 1, 19834.48
January 1, 19834.61
December 1, 19824.52
November 1, 19825.19
October 1, 19825.86
September 1, 19825.88
August 1, 19827.06
July 1, 19827.68
June 1, 19828.47
May 1, 19828.66
April 1, 19828.85
March 1, 19828.68
February 1, 19829.2
January 1, 19829.25
December 1, 19819.54
November 1, 198110.25
October 1, 198110.96
September 1, 198111.81
August 1, 198111.56
July 1, 198111.14
June 1, 19819.38
May 1, 19819.61
April 1, 19819.43
March 1, 19819.92
February 1, 198110.84
January 1, 198111.34
December 1, 198012.15
November 1, 198012.17
October 1, 198012.16
September 1, 198012.01
August 1, 198011.83
July 1, 198012.38
June 1, 198013.6
May 1, 198013.14
April 1, 198013.09
March 1, 198012.61
February 1, 198011.99
January 1, 198011.97
December 1, 197911.32
November 1, 197910.65
October 1, 197910.12
September 1, 19799.9
August 1, 19799.98
July 1, 19799.6
June 1, 19799.36
May 1, 19799.43
April 1, 19799.33
March 1, 19799.4
February 1, 19799.15
January 1, 19798.56
December 1, 19788.45
November 1, 19788.51
October 1, 19788.39
September 1, 19787.93
August 1, 19787.48
July 1, 19787.19
June 1, 19786.89
May 1, 19786.77
April 1, 19786.63
March 1, 19786.33
February 1, 19786.2
January 1, 19786.41
December 1, 19776.45
November 1, 19776.13
October 1, 19775.98
September 1, 19776.19
August 1, 19776.22
July 1, 19776.25
June 1, 19776.64
May 1, 19776.32
April 1, 19776.35
March 1, 19776.19
February 1, 19776.23
January 1, 19776.08
December 1, 19766.13
November 1, 19766.34
October 1, 19766.75
September 1, 19766.79
August 1, 19766.83
July 1, 19766.67
June 1, 19766.32
May 1, 19766.54
April 1, 19766.38
March 1, 19766.6
February 1, 19766.44
January 1, 19766.88
December 1, 19756.73
November 1, 19756.98
October 1, 19757.03
September 1, 19757.5
August 1, 19757.97
July 1, 19759.09
June 1, 19759.8
May 1, 197510.31
April 1, 197511.27
March 1, 197511.34
February 1, 197511.86
January 1, 197511.51
December 1, 197411.35
November 1, 197410.97
October 1, 197410.58
September 1, 197410.22
August 1, 19749.85
July 1, 19748.79
June 1, 19747.93
May 1, 19747.06
April 1, 19746.21
March 1, 19745.78
February 1, 19745.36
January 1, 19745.16
December 1, 19734.71
November 1, 19734.73
October 1, 19734.28
September 1, 19733.84
August 1, 19733.16
July 1, 19733.17
June 1, 19733.18
May 1, 19733.19
April 1, 19732.97
March 1, 19733.21
February 1, 19732.75
January 1, 19732.53
December 1, 19723
November 1, 19722.78
October 1, 19723.02
September 1, 19723.02
August 1, 19723.02
July 1, 19722.8
June 1, 19722.8
May 1, 19723.05
April 1, 19723.3
March 1, 19723.32
February 1, 19723.32
January 1, 19723.33
December 1, 19713.1
November 1, 19713.35
October 1, 19713.86
September 1, 19714.12
August 1, 19714.62
July 1, 19714.89
June 1, 19714.9
May 1, 19715.19
April 1, 19714.95
March 1, 19715.24
February 1, 19716.03
January 1, 19716.31
December 1, 19706.6
November 1, 19706.63
October 1, 19706.14
September 1, 19706.17
August 1, 19706.2
July 1, 19706.23
June 1, 19706.53
May 1, 19706.3
April 1, 19706.04
March 1, 19706.08
February 1, 19705.85
January 1, 19706.17
December 1, 19695.91
November 1, 19695.66
October 1, 19695.96
September 1, 19695.99
August 1, 19696.03
July 1, 19695.77
June 1, 19695.8
May 1, 19695.83
April 1, 19696.13
March 1, 19695.59
February 1, 19695.32
January 1, 19695.07
December 1, 19685.08
November 1, 19685.4
October 1, 19685.13
September 1, 19684.86
August 1, 19684.58
July 1, 19684.9
June 1, 19684.62
May 1, 19684.35
April 1, 19684.36
March 1, 19684.37
February 1, 19684.39
January 1, 19683.8
December 1, 19673.81
November 1, 19673.53
October 1, 19673.24
September 1, 19673.55
August 1, 19673.56
July 1, 19673.27
June 1, 19673.28
May 1, 19673.29
April 1, 19673.3
March 1, 19673.63
February 1, 19673.32
January 1, 19673.64
December 1, 19663.33
November 1, 19663.34
October 1, 19663.66
September 1, 19663.05
August 1, 19663.06
July 1, 19662.75
June 1, 19662.45
May 1, 19662.14
April 1, 19661.83
March 1, 19661.53
February 1, 19661.53
January 1, 19661.23
December 1, 19651.54
November 1, 19651.23
October 1, 19651.23
September 1, 19651.55
August 1, 19651.24
July 1, 19651.24
June 1, 19651.24
May 1, 19651.55
April 1, 19651.55
March 1, 19651.24
February 1, 19651.24
January 1, 19651.24
December 1, 19641.25
November 1, 19641.56
October 1, 19641.25
September 1, 19641.25
August 1, 19641.25
July 1, 19641.57
June 1, 19641.57
May 1, 19641.58
April 1, 19641.58
March 1, 19641.58
February 1, 19641.9
January 1, 19642.22
December 1, 19631.58
November 1, 19631.59
October 1, 19631.59
September 1, 19631.27
August 1, 19631.27
July 1, 19631.27
June 1, 19631.27
May 1, 19630.96
April 1, 19631.28
March 1, 19631.28
February 1, 19631.28
January 1, 19630.96
December 1, 19621.28
November 1, 19620.96
October 1, 19621.29
September 1, 19621.29
August 1, 19621.29
July 1, 19621.29
June 1, 19621.29
May 1, 19621.62
April 1, 19621.29
March 1, 19621.29
February 1, 19621.3
January 1, 19621.3
December 1, 19611.63
November 1, 19611.3
October 1, 19610.97
September 1, 19611.63
August 1, 19611.63
July 1, 19611.31
June 1, 19610.98
May 1, 19610.98
April 1, 19610.98
March 1, 19610.98
February 1, 19610.65
January 1, 19610.98
December 1, 19600.66
November 1, 19601.32
October 1, 19601.32
September 1, 19600.99
August 1, 19601.32
July 1, 19601.32
June 1, 19601.66
May 1, 19601.66
April 1, 19602
March 1, 19602
February 1, 19602.34
January 1, 19602.01
December 1, 19592.01
November 1, 19592.01
October 1, 19592.36
September 1, 19592.02
August 1, 19592.03
July 1, 19592.03
June 1, 19592.03
May 1, 19592.03
April 1, 19591.69
March 1, 19591.69
February 1, 19591.7
January 1, 19592.05
December 1, 19582.05
November 1, 19581.71
October 1, 19581.71
September 1, 19582.06
August 1, 19582.07
July 1, 19582.07
June 1, 19582.42
May 1, 19582.43
April 1, 19582.43
March 1, 19582.79
February 1, 19582.8
January 1, 19582.81

About US Core Inflation Rate

What it measures

The core inflation rate is the year-over-year percent change in the Consumer Price Index excluding food and energy, computed from FRED series CPILFESL. By removing the two categories with the wildest short-term swings, it isolates the persistent trend in consumer prices across shelter, services, and core goods. The source index comes from the monthly Bureau of Labor Statistics CPI release, where the core rate is reported alongside the headline figure.

Why it matters

Core inflation is the better predictor of where headline inflation will settle, because food and energy shocks tend to reverse while core categories reflect domestic wage and demand pressure. Policymakers and bond investors therefore weight it heavily when judging whether inflation is genuinely returning to target or merely riding a commodity swing. A headline-core gap tells analysts instantly whether an inflation surprise is durable or transitory in nature.

How to read it

Core inflation moves slowly and turns later than headline, so a peak or trough in the core rate is strong confirmation that the inflation cycle has shifted. Shelter costs dominate the basket and lag market rents by up to a year, meaning the core rate can stay elevated after real-time housing pressure has eased. Compare core CPI with core PCE, which typically runs somewhat lower, before drawing policy conclusions.

Get US Core Inflation Rate in Excel

Pull US Core Inflation Rate directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=ConsumerPriceindexWithoutFoodEnergy()

View the Consumer Price Index - excluding food & energy formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current US Core Inflation Rate?

US Core Inflation Rate is 2.57 (Percent) as of June 2026.

What is the all-time high and low of US Core Inflation Rate?

The highest value on record is 13.6 (June 1980) and the lowest is 0.6 (October 2010).

How often is US Core Inflation Rate updated?

US Core Inflation Rate is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get US Core Inflation Rate in Excel?

Use the MarketXLS Excel formula =ConsumerPriceindexWithoutFoodEnergy() to pull US Core Inflation Rate directly into any cell, with historical values available for analysis.

Basic info
Calculated as the year-over-year percent change in the Consumer Price Index excluding food and energy (Core CPI, CPILFESL), published monthly by the Bureau of Labor Statistics via FRED.
RegionUnited States
FrequencyMonthly
Last updatedJuly 14, 2026
Seasonal adjustmentSeasonally Adjusted
UnitPercent

Stats
Last Value2.57
Latest PeriodJun 2026
Last UpdatedJuly 14 2026, 08:10
Value Previous Month2.82
Change From Previous Month-8.87%
Value 1 Year Ago2.91
Change From Year Ago-11.68%
Average Growth Rate-0.13%/yr
Record High (Jun 1980)13.6
Record Low (Oct 2010)0.6
Long-Term Average3.66
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitPercent

Annual Averages
20262.62
20252.92
20243.44
20234.79
20226.15
20213.56
20201.71
20192.19
20182.15
20171.84
20162.21
20151.83

Related Indicators
Core CPI (Less Food & Energy)
Consumer Price Index (CPI)
CPI: Food
CPI: Energy
PCE Price Index
Core PCE Price Index
GDP Deflator (Implicit Price Deflator)
Producer Price Index (Final Demand)
PPI: Finished Goods
PPI: Processed Goods for Intermediate Demand
PPI: Unprocessed Goods for Intermediate Demand
Core PPI (Less Food & Energy)
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