United States: Core CPI (YoY, SA)

Macro

2026-07-14

Description

The U.S. Core Consumer Price Index (Core-CPI) is calculated and released by the Bureau of Labor Statistics (BLS). This index measures the price changes of goods and services purchased by consumers over a specific period, excluding the often-volatile food and energy components. As a result, it is considered a more stable measure of inflation.

As the most widely used measure of inflation, the Federal Reserve has set a 2% target for inflation to ensure that the U.S. economy grows while allowing the market to assess whether the economy is overheating and whether the Federal Reserve’s monetary policy is appropriate.

Note: The difference between Seasonally Adjusted (SA) and Not Seasonally Adjusted (NSA) data lies in the seasonal adjustment, which removes fluctuations caused by seasonal patterns to provide a clearer view of long-term trends and economic conditions.

Published by
U.S. Department of Labor (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

The US Q2 2026 (June) core CPI YoY growth dropped to 2.6%, falling below both the previous value of 2.8% and the market consensus expectation of 2.8%. This wave of cooling primarily benefited from price declines in goods such as used cars and apparel, the slowdown in sticky shelter costs, and a substantial single-month drop in overall energy prices. Looking ahead, although core inflation shows a slowing trend, recent geopolitical tensions in the Middle East pushing up oil prices may pose a potential risk for a short-term price rebound.

AI Data Insight

The US Q2 2026 (June) core CPI YoY growth dropped to 2.6%, falling below both the previous value of 2.8% and the market consensus expectation of 2.8%. This wave of cooling primarily benefited from price declines in goods such as used cars and apparel, the slowdown in sticky shelter costs, and a substantial single-month drop in overall energy prices. Looking ahead, although core inflation shows a slowing trend, recent geopolitical tensions in the Middle East pushing up oil prices may pose a potential risk for a short-term price rebound.

Description

The U.S. Core Consumer Price Index (Core-CPI) is calculated and released by the Bureau of Labor Statistics (BLS). This index measures the price changes of goods and services purchased by consumers over a specific period, excluding the often-volatile food and energy components. As a result, it is considered a more stable measure of inflation.

As the most widely used measure of inflation, the Federal Reserve has set a 2% target for inflation to ensure that the U.S. economy grows while allowing the market to assess whether the economy is overheating and whether the Federal Reserve’s monetary policy is appropriate.

Note: The difference between Seasonally Adjusted (SA) and Not Seasonally Adjusted (NSA) data lies in the seasonal adjustment, which removes fluctuations caused by seasonal patterns to provide a clearer view of long-term trends and economic conditions.

Published by
U.S. Department of Labor (Choice)
Frequency
Monthly
Next Update
Hashtags