United States: Core CPI (YoY, SA)

Macro

2026-05-12

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

AI Data Insight

The US core CPI year-over-year growth rate for Q2 2026 reached 2.8%, exceeding the market expectation of 2.7% and rising significantly from the previous 2.6%. Driven by surging energy prices triggered by Middle Eastern geopolitics, inflationary pressures are gradually transmitting into transportation and core services. With core inflation demonstrating high stickiness, the market has drastically pared back expectations for rate cuts this year, and concerns over a resumption of rate hikes have even surfaced.

AI Data Insight

The US core CPI year-over-year growth rate for Q2 2026 reached 2.8%, exceeding the market expectation of 2.7% and rising significantly from the previous 2.6%. Driven by surging energy prices triggered by Middle Eastern geopolitics, inflationary pressures are gradually transmitting into transportation and core services. With core inflation demonstrating high stickiness, the market has drastically pared back expectations for rate cuts this year, and concerns over a resumption of rate hikes have even surfaced.

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