US Core Inflation Rate
Inflation excluding volatile food and energy prices, a cleaner read on underlying price pressure, and the measure the Fed watches most closely.
2.5%
Core Inflation Rate
Jan 1971 to Aug 2026
Source: Calculated from FRED series CPILFENS · all items less food and energy, not seasonally adjusted (BLS). This is the basis of the 12-month change BLS publishes.
Data refreshed 2026-09-22. Figures are the latest published observations and can be revised.
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